Housing Starts Bottom Out to Six-Year Low Amid High Inflation

Housing construction took a definite hit in May as inflation reached new peaks and affordability remains challenged, as seen in recent data from the U.S. Department of Housing and Urban Development and the Census Bureau. The latest New Residential Construction report saw housing starts clock in at a rate of 1,177,000 in May, down a…

The post Housing Starts Bottom Out to Six-Year Low Amid High Inflation appeared first on RISMedia.

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