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Single-Family Housing Construction Falters in February


According to the U.S. Commerce Department, construction of single-family homes in February dipped to an 18-month low.

Bad weather could have contributed to the sharp drop in homebuilding; that, higher mortgage rates and expensive lumber may account for this rough patch.

Homebuilders were also hindered by a scarcity of skilled workers and tighter zoning restrictions in large metro areas.

But the decline in construction may just be a blip on the radar.

Mortgage rates have declined recently, and the Federal Reserve indicated that there would be no more interest rate hikes this year.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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