"Sharp Drop in US Housing Starts Leaves First-Time Buyers Struggling"
TL;DR
US homebuilding experienced its largest drop since April 2020 in January, with housing starts falling by 14.8% compared to the previous month, largely due to winter storms and higher mortgage rates. Building permits also decreased by 1.5%, indicating a continuing housing shortage ahead, according to Lawrence Yun, chief economist at the National Association of Realtors.
- US homebuilding sees biggest drop since April 2020 CNN
- First-time buyers 'rate-locked' out of housing market: NAHB CEO Yahoo Finance
- Construction Numbers Don’t Mirror Growing Builder Optimism Mortgage News Daily
- Housing starts fall sharply in January MarketWatch
- Housing starts unexpectedly plummet to lowest level in five months Fox Business
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