Single-Family Starts Weaken in June

U.S. single-family homebuilding hits 11-month low; building permits slump

WASHINGTON, D.C. July 19, 2025 — U.S. single-family homebuilding dropped to an 11-month low in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter. The report from the Commerce Department on Friday also showed permits for future construction of single-family homes tumbled to more than a two-year low last month, aligning with downbeat sentiment amon…

Single-Family Starts Weaken in June

Single-family housing starts declined in June to the lowest rate since July 2024 as elevated interest rates, rising inventories and ongoing supply-side issues continue to act as headwinds for the housing sector.