Housing starts sink to pandemic levels as builders worry about inflation

Housing starts in the U.S. plummeted to their lowest levels since the pandemic began, according to the latest U.S. Census Bureau report. Builders' confidence has waned due to rising material and financing costs, raising concerns about the housing market's ability to meet demand. This downturn could worsen existing housing shortages and stall progress made in many states to build more homes. The implications are significant, as stable housing markets are crucial for economic recovery and overall well-being.