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Housing Starts Rebound Sharply in June, But Only in Multifamily
In May, housing construction starts bottomed-out to a six year low, according to the U.S. Census Bureau, attributed to ongoing challenges such as construction costs and high mortgage rates triggered by rising inflation. The newest monthly update, however, shows a recovery—for at least one sector of the housing market. The latest monthly new residential construction…
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How to Invest in London Property: A Guide for Overseas Buyers - FINE Homes and Living
US pending home sales slump in June amid affordability challenges - Virginia Business
Consumer Sentiment Up In June, But Economic Optimism Still Elusive
Following consumer sentiment rising in June, the latest University of Michigan Consumer Sentiment Index improved further by 9.9% in July, reaching 54.4. However, the indicator declined by 11.8% on an annual basis. The Current Economic Conditions Index rose by 15.1% month-over-month, yet plummeted 19.3% year-over-year to stand at 54.9 in July. Meanwhile, the Index of…
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