In June, the number of new housing starts in the United States increased to 1.35 million units, with a sharp increase in multi-family residential construction overshadowing the sluggishness in single-family home starts

The number of new housing starts in the United States increased to 1.35 million in June, but the single-family housing start rate fell to an 8-month low, indicating that the real estate market is facing challenges from high interest rates. Builder confidence declined, inflation cooled, and there is hope for a rate cut by the Federal Reserve. Builders are stimulating sales through price cuts and incentives, leading to the total housing completion reaching the highest level since 2007. New housing start data fluctuates significantly, with 90% of people believing that the monthly change is between a decrease of 7.5% and an increase of 13.5%