Single-family housing starts in the U.S. saw a 9.9% dip from June and a 15.7% decrease compared to last year, with total starts down 12.4%. The Northeast experienced the sharpest regional decline. However, there is a silver lining—building permits climbed 5%, signaling that demand remains present, even with high mortgage rates and construction costs. Having spent over three decades guiding clients and fellow professionals through changing real estate cycles, I’ve seen that shifts like these often highlight new opportunities for both buyers and investors. As someone who educates on emerging trends and best practices, I recognize that even in challenging markets, the groundwork for future growth is being laid. Staying informed and adaptable is key to making the most of these market dynamics.
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