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U.S. housing construction on its lowest level in July due to high mortgage rates and building material prices
Posted on September 12, 2022 |
- Housing commissioning fell by 9.6% to 1.446 million units, which is the lowest level since February 2021.
- Single-family housing, which accounts for the country's largest housing construction share, fell by 10.1% to 916,000 units, the lowest since June 2020.