Record US Homes Under Construction Raise Hope of Inventory Boost

August 3, 2022
Jordan Yadoo - Bloomberg

US housing starts may have fallen to more than a one-year low in May, but a historic pipeline of homes under construction is seen easing an inventory crunch as those projects come to fruition.

The number of homes under construction rose to 1.67 million units last month, the highest in government data back to 1969. Moreover, housing completions rose more than 9% from the prior month to the highest level since 2007.



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