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US Housing Market Offers More Opportunities for Buyers in June
US single-family home-building declined for the third consecutive month in June, with permits hitting a 10-month low due to high mortgage rates and excess unsold homes. Rising land and material costs also constrain construction. Multi-family housing starts surged, but overall permits fell. Despite new housing affordability legislation, benefits will take time. Inflation remains elevated, driven by import prices and AI-related tech demand.