U.S. Single-Family Home Construction Slows in June as Builders Anticipate Rate Cuts to Boost Market
In June, the slowdown in U.S. single-family home construction reflected the pressure that high interest rates are exerting on the real estate market. However, with the increase in multi-family housing construction and the anticipation of future rate cuts, the market might see some recovery in the second half of the year. Builders are adjusting their strategies by offering price reductions and sales incentives to attract buyers, preparing for a potential market rebound.
Houston
Jul 18, 2024