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US single-family housing starts, building permits drop in August
Yahoo Finance·2025-09-17 20:44

WASHINGTON (Reuters) -U.S. single-family homebuilding and permits for future construction dropped in August amid a glut of unsold new houses and a softening labor market, shrugging off falling mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, fell 7.0% to a seasonally adjusted annual rate of 890,000 units last month, the Commerce Department's Census Bureau said on Wednesday. Permits for future single-family homebuilding decreased 2.2% to a rate of 856,000 units. Th ...