US Single-Family Housing Starts Decline, Building Permits Hit a 10-Month Low
In June 2026, US single-family housing starts fell for the third consecutive month to an annual rate of 895,000 units. Building permits also dropped by 2.4% and reached their lowest level in ten months at 871,000 units due to high mortgage rates and a surplus of unsold homes.
Topics: construction activity economic data housing market mortgage rates