Twin Cities permitted 730 new housing units in June, up 30% year-over-year Multifamily construction rose sharply, but still trails long-term average Single-family permits flat, with hotspots in ...
New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build.
Construction on new single-family homes weakened in June—bad news for buyers hunting for deals but a potentially positive sign for investors waiting for builders’ margins to bottom.
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