US housing starts to surge, indicating a strong market recovery

March 21, 2024 Business Desk

Optimism reigns as single-family home construction soars.

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Contrasting Trends: The multifamily segment declines amid regional disparities.

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Builders offer incentives, including mortgage rate buydowns, to attract buyers.

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New home sales outperform existing home sales, signalling a market shift.

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Housing starts and permits surge, reflecting market healing and consumer confidence.

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