Housing Market Hit by Bad Weather, High Mortgage Rates
16 February 2024
Construction of new homes falls 14.8% in January, but weather could explain a lot of the drop.The housing market began 2024 in the doldrums as housing starts and permits for new construction both fell, the Census Bureau reported on Friday. Starts fell 14.8%, way more than the flat reading expected by economists. Permits fell 1.5%, in line with estimates. […]
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