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U.S. Single-Family Housing Starts Fall to 8-Month Low in May Amid Rising Rates

2026-06-16 15:07:14

According to the U.S. Department of Commerce, single-family housing starts in May fell to an 8-month low, driven by higher mortgage rates and elevated building material costs. Combined with a sharp decline in multifamily housing starts, overall housing construction volumes dropped to their lowest level in six years, signaling potential continued drag on economic growth in the second quarter.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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