New Construction Cools as Housing Starts Slow to Lowest Level in Over a Year
The latest report on new residential construction from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau found construction lagging in the month of August. Privately-owned housing starts were at an annualized rate of 1,307,000, down by 8.5% from the revised July 2025 figure (1,429,000) and 6% down from August…