Surprise! Rising Rates Are Slowing Housing Construction

U.S. new-home groundbreaking and permits fell in June to the slowest paces in nine months, as higher mortgage rates and elevated costs for labor and materials pinch the housing market, government figures showed Wednesday

https://www.bloomberg.com/news/articles/2018-07-18/u-s-housing-starts-plunge-by-most-since-2016-to-nine-month-low

 

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