New US home construction falls in August

New home construction sank in August amid elevated mortgage rates, according to data from the U.S. Census Bureau.

News 12 Staff

Sep 19, 2023, 7:33 PM

Updated 307 days ago

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New home construction sank in August amid elevated mortgage rates, according to data from the U.S. Census Bureau.
New construction dropped 11% from July’s levels as housing starts slipped to their lowest level since June 2022.


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