Housing starts collapse under inflation, high rates – Robert Khodadadian

Efforts to close the gap between supply and demand in the housing market are being laid to waste by inflationary pressures. Residential housing starts dropped 9.6 percent in July from the revised estimated total of June, according to figures released Tuesday by the Commerce Department. Housing starts were also 8.1 percent below the total for July 2021. The seasonally adjusted rate for privately owned housing starts last month was around 1.5 million. Single-family housing starts

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Development, Home Page, Construction, housing market, Residential real estate The Real Deal New York Read More

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