1 of 1
Story summary
- U.S. President Donald Trump’s housing agenda failed to raise new home construction, leaving single-family starts at a three-year low.
- Single-family starts fell 8.4% to 993,000 units in January 2025 and to 808,000 in July, a three-year low.
- Total housing starts, including multifamily, dropped 12.4% to an annual rate of 1.239 million.
- NAHB Chairman Bill Owens said builders face high material, labor and financing costs, limiting new construction.
