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US housing starts fall to lowest level since 2020 in worrying sign for the economy - Business Insider India
August US housing starts fell to its lowest level in three years in a worrying sign for the economy. The slowdown in homebuilding activity comes as mortgage rates continue to linger above 7%. "The ... Read More
Builders Falter Under High Costs as Housing Starts Fall to Pandemic Levels
Key Takeaways Housing starts fell almost 10% in May to come in at the lowest levels since 2020, putting more strain on an already unaffordable housing market.The decline means that housing inventory ... Read More
Housing starts drop to lowest level since pandemic
The number of housing units that started construction in May fell to the lowest level since 2020 as the sector battles headwinds blown by high interest rates. Housing construction dropped 9.8 percent ... Read More
Average long-term US mortgage rate falls to 6.67%, the lowest level since early April
The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for home shoppers facing rising home prices ... Read More
Mortgage rates fall to lowest level since February 2023
Washington (CNN) — Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market. The standard, 30-year fixed-rate ... Read More
New-home construction plunges to lowest level since May 2020
New-home construction plunges to lowest level since May 2020 Housing starts posted a bigger-than-expected drop in July Last Updated: Aug. 16, 2024 at 9:54 a.m. ET First Published: Aug. 16, 2024 at ... Read More
Home sales fall to lowest level since the financial crisis
The housing market had its worst March since the global financial crisis, weighed down by high borrowing costs and falling consumer confidence in the economy. Home sales fell to their lowest ... Read More
US Weekly Jobless Claims, Housing Data Point to Softening Economic Activity - U.S. News
Overall building permits fell 2.0% to a rate of 1.393 million units, the lowest level since June 2020. Single-family housing starts, which account for the bulk of homebuilding, gained 0.4% to ... Read More
Mortgage rates fall to lowest level since February 2023
Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market. The standard, 30-year fixed-rate mortgage averaged 6. ... Read More
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