U.S. housing starts reach lowest level since 2020
U.S. housing starts dropped to the lowest level since 2020. Market observers noted that residential construction activity is slowing rapidly.
Topic cluster
slowing activity
1 source grouped by AFBytes in Economy
AFBytes briefing
Lower housing starts reduce new home supply, which can sustain higher home prices and limit affordability for American buyers and families.
What to watch next
- Watch the next monthly housing starts release for confirmation of whether the slowdown persists.