The latest housing starts data is mostly bad news
Briefly

In July, privately owned housing starts were at a seasonally adjusted annual rate of 1.238 million units, down 6.8% from the previous month and down 16% compared to a year ago.
While the increase in completed new home inventory is good news for many markets with tight housing inventory, it might pose some long-term challenges, according to economists.
Read at www.housingwire.com
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