Housing starts dip for the third straight month

Erika Beras Aug 16, 2019
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A construction worker builds the frame for a new home in Rodeo, California. Justin Sullivan/Getty Images

Housing starts dip for the third straight month

Erika Beras Aug 16, 2019
A construction worker builds the frame for a new home in Rodeo, California. Justin Sullivan/Getty Images
HTML EMBED:
COPY

According to the latest monthly report from the Commerce Department, there was a slight uptick in new single-family home construction in June and a decline in multi-family housing. This is in part driven by high labor costs due to low unemployment, tariffs on construction materials and general uncertainty as to where the economy’s headed.

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