Builders are navigating a complex mix of elevated costs, rising mortgage rates and waning consumer confidence, which is weighing heavily on the market
Multifamily housing starts fell 9.8%, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4% month over month, according to data released Wednesday
New residential sales declined 19.4% from June 2020, according to the US Census Bureau's latest report on Monday.