Real Estate & Home

Single-Family Home Construction Plunges in July, But Permits Offer Signs of Hope

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Single-family home construction in the U.S. dropped sharply in July, with housing starts falling 9.9% from June to an annual rate of 808,000 units. Despite this decline, new building permits suggest potential recovery as permit issuance increased by 5% compared to June, indicating optimism for future demand. This matters to developers and tech professionals as it signals ongoing challenges in the housing market but also hints at possible improvements ahead.

Read the full article at Realtor.com Blog

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