US Single-Family Housing Starts and Permits Tumble in September
Single-family housing starts and permits fell sharply as higher mortgage rates suppressed demand, pointing to a renewed decline in residential investment in the third quarter.
US single-family homebuilding and permits for future construction fell sharply in September as higher mortgage rates suppressed demand, suggesting residential investment resumed its declining trend in the third quarter.Single-family housing starts, which account for the bulk of homebuilding, droppe…