February saw housing starts slump to 8.7%
New residential construction rose 18%, led by single-family houses
Gains came entirely from apartments
Affordability remains a major challenge, says the National Association of Realtors
This is the fourth decline in the past five months
Americans increased their borrowing in June at the slowest annual pace in three months as the level of credit card debt fell slightly. The Federal Reserve says consumer debt rose a seasonally adjusted $10.2 billion in June from the prior month to a total of $3.91 trillion. Consumer borrowing increased at an annual rate of […]
A drop in manufacturing caused by a major fire at a parts supplier for trucks
Builders pulled back on constructing homes in November, after ground breakings surged in October to the strongest pace in more than nine years.