US falls into ‘housing recession’ as mortgage rates, building costs surge
New York Post·2022-12-23 23:58
The US housing market has plunged into a full-blown recession as tightened economic policy and surging expenses weigh on home builders.
Builder confidence has plummeted for eight consecutive months, marking its worst stretch since the housing market imploded in 2007 in the midst of the Great Recession, according to data released Monday.
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