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New housing construction falls in September

Por: The Hill Politics October 20, 2022

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New housing construction fell in September as sky-high mortgage rates weakened demand. Housing starts  to a seasonally adjusted annual rate of 1.44 million units last month, while single-family starts declined by 4.7 percent, according to Commerce Department data released on Wednesday.  . “Higher rates also harm the supply-side of the market by increasing the cost of construction and development loans,” Konter added. Meanwhile,... + full article



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