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July Housing Starts at Lowest Point Since February 2021

Single-family housing starts have steadily declined for the last few months, hitting the lowest level in July.

According to Strata-Gee, this rate is -10.1% below the revised June rate of 1.019 million units and -18.5% below the rate of 1.124 million units in July 2021. This is the first time that single-family housing starts dropped below 1.0 million units since June 2020.

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