May 10, 2024
Mortgage

Housing Market Hit by Bad Weather, High Mortgage Rates | Economy

The housing market began 2024 in the doldrums as housing starts and permits for new construction both fell, the Census Bureau reported on Friday. Starts fell 14.8%, way more than the flat reading expected by economists. Permits fell 1.5%, in line with estimates. “A home building revival is coming, but it didn’t arrive in January,”

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