New home building picked up last month, but builder sentiment remains low

Home building bounced back a bit last month even though demand for new homes among buyers had started to cool off and the cost of building supplies remained high

.

August housing starts, a measure of new home construction, jumped 12.2% from July, and were down 0.1% from a year ago, according to the US Census Bureau. After a big drop earlier this spring, housing starts had been holding relatively steady up until last month. This latest increase in new housing starts is a good thing for the housing market because inventory has been so tight.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNN /  🏆 4. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Texas Sheriff Investigating Martha's Vineyard Migrant FlightsTexas Sheriff Investigating Martha's Vineyard Migrant Flights| Compare reporting by nypost CNN Newsweek
Read more »

Watch: Amanda Gorman recites excerpt of new poem live on CNN | CNNAmanda Gorman debuted a new poem at the United Nations focusing on global challenges including poverty and hunger. The poet and author joined CNN's Anderson Cooper to share her poetic process and even recited an excerpt live.
Read more »

Biden Talks COVID-19, Inflation, 2024 and China in 60 Minutes InterviewPresident Joe Biden appeared on 60 Minutes Sunday and made a number of notable comments about hot-button issues. See the potential bias and similarities in coverage from forbes, foxbusiness and cnn:
Read more »

World mourns Queen Elizabeth II; Fiona pounds Puerto Rico; leaders gather at UN | Hot off the Wire podcastGet the latest news on Hot off the Wire, our daily news podcast.
Read more »

Speaker Pelosi Visits Armenia, Blames Azerbaijan for Recent FightingHouse Speaker Nancy Pelosi visited Armenia following recent fighting with neighboring Azerbaijan. See potential bias and similarities in coverage from Reuters, AP, and foxheadlines:
Read more »

UK mourns Queen Elizabeth II as world watches; U.S. contractor freed by Taliban | Hot off the Wire podcastGet the latest news on Hot off the Wire, our daily news podcast.
Read more »