Housing Starts Reach Four-Year Low In July

National Mortgage Professional, Aug. 19, 2024-Ryan Kingsley
Overall housing starts fell 6.8% from June to July to a seasonally adjusted annual rate of 1.238 million — a 16% year-over-year decline and the slowest pace of starts in roughly four years. Single-family starts dropped by 14.1% to a rate of 851,000 in July, a 14.8% annual decrease per the U.S. Census Bureau and U.S. Department of Housing and Urban Development’s (HUD) latest figures.
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