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NAHB Reports Growth in Housing Starts Despite Ongoing Challenges in the Construction Sector by Aaron Schmok, LASN
Single-family home construction experienced a strong increase in August, driven by high demand and easing mortgage rates, according to the National Association of Home Builders (NAHB). Total housing starts rose by 9.6% over July to an annualized rate of 1.36 million units, with single-family starts jumping by 15.8% to a rate of 992,000 units.
Builders Warn of Rising Costs and Delays Due to Regulatory Uncertainty
NAHB Analysis Suggests Housing Market Remains Undersupplied
Funding Aims to Address Local Housing Barrier
Economic Challenges Highlighted in Current Data
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