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Housing starts tumble in September as rising mortgages cool demand

Por: Fox Business Business October 19, 2022

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Payne Capital Management President Ryan Payne discusses the state of the volatile U.S. housing market as fears for a recession grow on ‘Mornings with Maria.’  New U.S. home construction slumped in September, adding to evidence that rapidly rising mortgage rates are continuing to cool demand and the once red-hot . Housing starts slid 8.1% last month to an annual rate of 1.439 million units, according to new Commerce Department data released... + full article



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