Category: Residential

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

Home Construction Slows as Rising Costs Challenge the Housing Supply

Best Houses Contributor|

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.

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