• The number of new homes being built in the US tanked 14% in May - it'll make buying or renting even more of a nightmare

    8 days ago - By Business Insider

    Amid a nationwide housing shortage, housing starts in May were the slowest since April 2021. Phelan M. Ebenhack/AP
    US housing starts slid 14% to an annual rate of 1.55 million units in May, the Census Bureau said.
    That's below the average forecast of 1.7 million units and marked the slowest pace since April 2021.
    The slowdown signals housing supply will remain strained, leaving buyers under historic pressure.
    Homebuilders are slowing their roll - and that means it'll be even harder for Americans to find affordable homes. US housing starts plummeted in May to a seasonally adjusted annual...
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