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New home building retreated in September as rising mortgage rates scare off buyers

Por: CNN Business October 19, 2022

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CNN  —  Home building pulled back in September, as buyers faced spiking mortgage rates that have made homes increasingly unaffordable. September housing starts, a measure of new home construction, dropped 8.1% from August, and were down 7.7% from a year ago, according to the US Census Bureau. After a big drop earlier this spring, housing starts had been holding relatively steady up until July when rising mortgage rates spurred more... + full article



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