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.
Click the audio player above to hear the full story.
News and information you need, from a source you trust.
In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.
This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.