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US new home construction surged last month, as mortgage rates stayed high

By Dale Oviatt posted 03-19-2024 12:00 AM

  

Amid a housing shortage and an affordability crisis, US homebuilding heated up in February as builders anticipate demand for new homes to stay strong.

One sure way to improve affordability is to increase the availability of apartments to rent and homes to buy. In areas of the country where there has been robust homebuilding, rents and home price increases have been more moderate.


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