New US Home Construction Retreated in June

New US Home Construction Retreated in June

Assessment

Interactive Video

Business, Arts, Architecture

University

Hard

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The video discusses recent trends in the housing market, highlighting an 8% drop in housing starts following a 22% rise in May. Building permits also saw a decline. Despite these fluctuations, the home building market remains healthy. Mortgage rates are a significant factor, with most Americans holding mortgages under 6%, limiting existing home sales and pushing demand for new homes. The construction sector struggles to keep pace with demand. The video also touches on the impact of disinflation on construction materials and the broader economy, including retail sales gains.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the percentage drop in housing starts in June?

8%

22%

9.3%

3.7%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are fewer existing homes being sold according to the transcript?

High mortgage rates

Lack of demand

Increased construction costs

Low mortgage rates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a limiting factor for the construction industry as mentioned in the transcript?

Number of construction workers

Low mortgage rates

High demand for new homes

Availability of land

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are home builders trying to attract buyers according to the transcript?

Offering discounts on land

Reducing mortgage rates

Lowering construction material costs

Providing free appliances

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What sector saw gains due to the housing market activity?

Automobile industry

Retail sales of appliances and furniture

Agriculture

Technology sector