US Single-Family Housing Starts Plunge as Permits Hit 3-1/2-Year Low
Single-family homebuilding fell sharply in September, while permits for future construction dropped to a 3-1/2-year low. The report said higher mortgage rates suppressed demand.
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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.