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Housing Starts Plummet to Pandemic Low
Published 1 day, 11 hours ago
Description
Housing starts plunge to their lowest since pandemic began—new data reveals a sharp 8.5% drop to 1.17 million annual rate, hitting hardest in South and West, while Northeast and Midwest buck the trend. Rising costs and tighter loans are crushing builder confidence, threatening to worsen the existing housing shortage and ripple across the economy.
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