Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Home Construction Jumps, Even As Housing Market Cools

New data from the Commerce Department on home construction shows new construction climbed more than 15 percent in July from the previous month, and applications for building permits jumped 8 percent.

Home sales are down in the U.S., surprising many economists who predicted an improved housing market would help spur the economy. Foreclosures have slowed, and some of the country’s hottest markets have cooled after a two-year rebound. A new Fannie Mae report cut its housing forecasts for this year and next.

Cardiff Garcia of the Financial Times talks with Here & Now’s Jeremy Hobson about the forces driving the housing ups and downs.

Guest

Copyright 2021 NPR. To see more, visit https://www.npr.org.