May 16, 2024
Finance

Stocks extend declines as earnings roll in

New residential construction, including single-family and multifamily homes, tumbled by the largest amount in four years as rising mortgage rates weaken housing activity. Housing starts fell 14.7% month-over-month in March, dropping from 1.55 million units annualized pace to 1.32 million units annualized, according to data from the Census Bureau released Tuesday. Single family starts fell

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