Housing starts with 8.5%in August: the confidence of the builder is decreasing in the midst of market challenges

Builders also sought fewer permits in August, with the seasonal annual annual rate of up to 1.312 million, a decrease of 3.7% compared to July and 11.1% per year. Both Single Family (856,000 units) and Multi-Family (403,000 units) reported decreases, including 11.5% and 10.5% annual decreases, respectively. “Building permits have now been at the lowest […]