Tag: construction

The number of housing starts tumbled last month, despite signs that the home sales market is heating up again after falling. Housing starts take into account the change in the number of new residential buildings beginning construction. New single-family home construction fell 8 percent from May to June, according to July 19 report from the U.S. Census Bureau. Starts are now at ...

Rising construction costs have slowed for the first time in two years as a drop in new home builds eases demand for materials and labour. The cost of building a home or renovating recorded its lowest average increase last month since September 2020, with potential knock-on effects for the housing market and inflation. The national quarterly average growth rate eased to ...