U.S. Homebuilding Hits 3½-Year Low as Builders Pull Back
Single-family home construction fell sharply in July, reaching its lowest level in more than three and a half years as high mortgage rates and affordability pressures weigh on builders and buyers.
Plus, we’ve included a current snapshot of mortgage rates to help you stay informed and ready for timely client conversations.
WEEK'S TOP STORIES
Single-Family Homebuilding Plunges to a 3½-Year Low as Builders Pull Back
The U.S. housing market is facing another setback as single-family home construction fell sharply in July, reaching its lowest level in more than three and a half years as elevated mortgage rates and affordability pressures continue to discourage both builders and buyers.
➡ Russia launched a major missile attack on Kyiv, killing at least six people and injuring dozens as the war in Ukraine intensifies.
➡ Bond market turmoil is raising fresh concerns for stocks, mortgages, and the U.S. economy as Treasury yields remain elevated and borrowing costs face renewed pressure.
➡ China's humanoid robot boom is accelerating after Unitree's stock surged on its Shanghai debut, pushing the company's valuation to around $50 billion.
NATIONAL MORTGAGE INTEREST RATES
Mortgage Rate Update: August 23, 2026 — What Today’s Numbers Mean for Homebuyers and Homeowners
Real Estate Partners is an informational publication produced and distributed by 10X Real Estate Group.
All content is intended for general informational purposes only and does not constitute professional advice or establish a client relationship.
Real Estate Partners • PO Box 664 • Durham, NH 03824 • United States
Discussion
Thoughts from readers and local market watchers.