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Why homebuilders aren’t building more homes
New home sales data in June 2026 show a stagnant market, explaining why housing permits are at cycle lows. Builders are stuck in a sales range, using profit margins to buy down rates, but these margins are falling. This impacts construction growth and indicates caution for the housing market.
June housing starts jump 19%, fueled by strong multifamily gains
June housing starts surged 19% due to multifamily construction, reaching 1.3M units. However, single-family starts remained flat, and future supply indicators like permits softened, suggesting caution for builders.
Housing permits near cycle lows even as housing starts beat estimates
Housing permits are near cycle lows despite beating housing start estimates. This signals caution for new construction. The 21st Century ROAD to Housing Act is mentioned, but its impact is questioned due to uncertain demand. Builders are offering sub-6% mortgages to boost new home sales.
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