Multifamily Housing Drives Home Building Boom
- Home construction increased by 9.3% in June
- Multifamily housing led the growth with a 15.7% increase
- Single-family housing also saw a rise of 2.6%
- Permits for new buildings rose by 4.3%
In June, home construction saw a significant increase of 9.3%, with multifamily housing leading the way at a remarkable 15.7% rise. Single-family housing also experienced a 2.6% growth, while permits for new buildings went up by 4.3%. This surge in home building is expected to continue as demand for living spaces remains high.
Factuality Level: 7
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Financial Relevance: Yes
Financial Markets Impacted: Stock market
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