New US Home Construction Retreated in June

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.

What factors are pushing people into the new home market?

What impact do construction material prices have on home builders?