July brought a notable shift in the U.S. single-family home construction landscape, with a 9.9% dip from June and a 15.7% decrease compared to last year. Overall housing starts fell 12.4%. As someone who has guided buyers and sellers through the ups and downs of the Las Vegas market—and with experience in both real estate and mortgage lending—I understand how numbers like these can impact your decisions. Yet, there’s a silver lining: building permits rose 5%, signaling that while the market faces uncertainty and high mortgage rates, there’s cautious optimism for future growth. This kind of movement is something I keep a close eye on to help my clients navigate opportunities and challenges in single-family homes, whether you’re buying, selling, or just keeping an eye on the trends.
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