Housing starts plunge 9.6%, raising recession fears

By Zach Halaschak

Published August 16, 2022 2:13pm ET

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Housing starts plunge 9.6%, raising recession fears — The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession. Housing starts measure the annualized change in the number of new residential buildings that began construction. Last month, they declined by a hefty 9.6% to a 1.45 million annualized rate […]

The number of housing starts tumbled in July, an indication that the housing market is taking a hit and may be falling into a recession.

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Federal Reserve Housing Recession