US Housing Starts Drop to the Weakest Pace Since 2020

Housing starts in the U.S. have hit their lowest point since 2020, signaling a significant slowdown in new residential construction, particularly in apartment projects. This downturn suggests potential challenges for the housing market as builders face hurdles like supply chain issues, rising costs, and stringent regulations. Such a decline could impact employment in construction and overall economic growth, highlighting the need for policy measures to stimulate the sector. For the latest details, check out the full report on Bloomberg.