Housing starts—one of the bright spots in a red-hot summer housing market—faltered in August, HUD and the Census Bureau reported yesterday, although most of the decline took place in multifamily.
The Labor Department yesterday reported 860,000 initial claims for unemployment insurance, seasonally adjusted, for the week ending September 12, down by 33,000 from the previous week, but still high by historical standards.
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During the first three months of the COVID-19 pandemic, nearly 11 million households fell behind on their rent or mortgage payments and 30 million individuals missed at least one student loan payment, according to new research released today by the Mortgage Bankers Association's Research Institute for Housing America.