Housing Market Faces Harsh Reality: Mortgage Rates Hammer Single-Family Homebuilding While Multi-Family Starts Climb U.S. single-family homebuilding plunged in October, underscoring the prolonged struggles of the housing market as high mortgage rates, hurricanes, and a supply crunch weigh heavily on the sector. 11/19/2024 - 9:21 am | View Link
US single-family housing starts slump; high mortgage rates remain a challenge U.S. single-family homebuilding tumbled in October likely as Hurricanes Helene and Milton depressed activity in the South while permits rose slightly, indicating that an anticipated rebound probably ... 11/19/2024 - 2:47 am | View Link
U.S. Housing Starts Tumble 3.1% In October, More Than Expected New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the ... 11/19/2024 - 1:50 am | View Link
Microchip Technology, which has faced headwinds in the market for its computer chips this year, plans to close down its Valley factory in 2025 to reduce costs, affecting hundreds of workers.