February saw new-home groundbreakings in the U.S. fall by 8.7 percent, the most in eight months, according to a government report released on Tuesday. The drop, which was steeper than expected, suggests buyers and builders are still wary despite higher wages and lower mortgage rates, Bloomberg reported. Developers are still struggling to build affordable properties as costs for materials and labor continue to rise. The decline in new construction was driven by single-family homes, which […]
source https://therealdeal.com/2019/03/26/us-new-home-groundbreakings-hit-8-month-low/
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