Construction Spending Dips In June As Single-Family Home Building Fell
Construction of single-family homes decreased 3.1% in June from May.
Construction of single-family homes decreased 3.1% in June from May.
Homebuilder confidence plunged in July for the seventh month in a row in July.
Economist: Decline in housing starts mirrors decline in builder confidence.
NAHB/Wells Fargo Housing Market Index fell two points in June to 67, the lowest HMI reading since June 2020.
Regardless of new or existing, data shows loan averages hitting record peaks