Single-Family Housing Starts Weak, Especially in the West

The pace of single-family housing starts declined for the third consecutive month as housing affordability concerns continue to weigh on the home construction market. Total starts posted a 3.2 percent increase due to gains for multifamily development. Total single-family and apartment construction starts are up 5.1 percent on a year-to-date basis, according to joint data released from the Census Bureau and Department…

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