Author Diane Whitfield

Diane Whitfield

Diane Whitfield

Covers residential real estate and the agents behind it, from listings and design to the deals that close.

Construction site at sunset with cranes and scaffolding against a colorful sky
Residential

Home Construction Slows as Rising Costs Challenge the Housing Supply

Diane Whitfield|

The U.S. housing market faced another challenge on August 6 as new data showed residential construction spending declined in June, highlighting the difficulty of adding new homes while financing and development costs remain elevated. The development comes as homebuyers continue facing affordability pressures and housing markets across the country work to increase available inventory.