Housing starts sink to pandemic levels as builders worry about inflation

Housing starts hit their lowest point since the pandemic began, with builders expressing significant concerns over rising material and financing costs, according to the U.S. Census Bureau. This downturn could deepen the ongoing housing shortage and reverse recent gains in new construction across most states. The situation underscores the broader economic challenges posed by inflation, which are not only impacting housing but also affecting various sectors. This trend is particularly concerning given the critical need for increased housing availability to accommodate growing populations and economic recovery efforts.