Housing starts recede in July amid market headwinds

Washington, D.C.—Housing starts fell sharply in July as builders continued to contend with economic uncertainty, rising construction costs, labor shortages and elevated financing expenses, according to the National Association of Home Builders (NAHB). Overall housing starts dropped 12.4% to a seasonally adjusted annual rate of 1.24 million units, according to the U.S. Department of Housing […] The…