New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market.KEY FACTSThe number of housing starts, or ​​new houses on which construction has started, fell 2% to about 1.56 million last month despite average economic projections calling for an increase of 1.4%, the Census Bureau reported Tuesday.Building permits were slightly above expectations, coming in at less than 1.7 million, but fell from May and are down from about 1.8 million in April.In emailed comments after the release, LPL Financial chief economist Jeffrey Roach said housing starts declined because demand is “quickly drying up” from higher borrowing costs as the Federal Reserve raises interest rates, though he expects home building activity should hold up despite the grim outlook.Pantheon Macro chief economist Ian Shepherdson was less optimistic, pointing out single-family starts and permits both fell by 8% in their fourth consecutive month of declines and noting construction activity lags sales, which in turn lag mortgage applications.Mortgage applications have collapsed more than 25% this year, he adds, suggesting single-family housing construction "needs to fall by [another] 20% or so over the next few months” to be more in line with demand.The latest data comes one day after the National Association of Home Builders reported the second-worst single-month drop in home builder confidence on record, driven by ongoing production bottlenecks and high inflation that have pushed the cost beyond its market value in some cases.KEY BACKGROUNDHistorically high savings rates and government stimulus measures helped ignite a home buying frenzy during the pandemic, but signs of a slowdown have quickly emerged as the Fed embarks on its most aggressive interest rate hiking cycle in two decades to curb high inflation.

I'm closing on the duplex June 8th and would like to be moved in shortly after and have the house ready by June 15th or July 1st at the latest.

Several national companies have pulled out of the state, and for some still operating, their ratings are dropping — the latest is FedNat which has 152,000 policies in Florida.Why all the pull-out and insolvency:  Roofing Fraud. 

This part is important, so I'll say it again: when JPOW looks at the latest inflation numbers, he's not attributing it to the latest rate hikes, he's attributing it to 3 or 4 rate hikes ago. - JPOW says that the historical record spells out that the consequences of backing off too early are greater than the consequences of continuing with the rate hikes a little too long.

Facility operators network, keeping up on the latest laws and trends. 

The latest State ADU laws that went into effect on Jan 1st removed this requirement.

Don't get wrapped up in all of the latest tech that will make you rich.

The latest one, on market for 8 hours and went under contract (Aug 8th).

Looking at the latest info you provided I would offer $130k.

I read Aftershock, the latest edition, by the brothers Wiedemer.