Multi-Family Construction Surges 76% in June as Single-Family Homes Trail Behind
Construction of across the U.S. stalled in June as builders continued pulling back due to high mortgage rates, but the multi-family sector roared back to life, the U.S. Census Bureau reported on Friday. Single-family housing starts last month were at a seasonally adjusted annual rate of 895,000, down 0.2% from May and 3.2% compared to a year…