U.S. Housing Construction Starts Slide 4.2% to a 1.25MM Pace as Builders Pull Back

Elevated inventories, affordability pressures and uneven demand keep residential construction subdued After several years in which housing construction helped buffer the economy against higher interest rates, the sector is again showing signs of fatigue. New data from Wells Fargo Economics suggest that builders are trimming activity as inventories rise and affordability remains strained, even as […]