U.S. housing starts retreat in June
The numbers: Construction on new homes fell 8% in June, as U.S. homebuilders sharply slowed down starting on new single-family homes and focusing on finishing existing projects.
Housing starts fell to a 1.43 million annual pace last month from 1.56 million in May, the government said Wednesday. The data measures how many houses would be built over an entire year if construction took place at the same rate in every month as it did in June. Both single and multi-family construction fell in June, as home builders pulled back on new construction to focus on finishing and selling existing inventory.
Home builders pulled back the most in the Midwest, where housing starts fell by 33%. That comes after a surge in building in May of 67%. Big picture: At the end of spring, builders revved up construction on single-family homes as the weather warmed up. Housing starts jumped nearly 16% in June, according to the government’s data.
What are they saying? Single-family housing starts have been strong in May and June, Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets, wrote in a note.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Edward Caban appointed as 46th NYPD commissioner by Mayor Eric AdamsMayor Eric Adams appointed Edward Caban as New York City's 46th police commissioner and Tania Kinsella as the 45th first deputy commissioner on Monday. JohnBDias reports.
Leer más »
Fewer than 100,000 immigrants illegally crossed border in June, lowest since Biden's startBorder Patrol agents at the United States-Mexico border in June encountered the fewest number of immigrants crossing illegally since President Joe Biden’s first month in office.
Leer más »
Home - San Antonio Chamber of Commerce
Leer más »
Kennedy Expressway Construction Changes: Here's what you need to knowKennedy Expressway Construction Changes: Here's what you need to know
Leer más »
To beat the Texas heat, this construction company is turning to wearable techWith real-feel readings regularly exceeding the triple-digit mark, the Dallas-based general contractor is piloting a program to cut down on heat-related...
Leer más »
Construction put on hold for hundreds of affordable apartments in AustinThe projects would have brought some relief to the city's years-long affordable housing waitlist. The delays are another setback to the city's goal of bringing tens of thousands more affordable apartment units to Austin by 2027.
Leer más »