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Mario Nawfal @MarioNawfal on x 2.3M followers
Created: 2025-07-01 18:30:00 UTC
🇺🇸 U.S CONSTRUCTION SPENDING DROPS AS HOUSING TAKES A HIT
Spending on building stuff in America fell for the second month straight, dropping XXX% in May.
Single-family homes got hit the hardest, down nearly X% as high mortgage rates scare off buyers.
Builders are feeling gloomy and new housing inventory is stacking up like it’s 2007 all over again.
Source: Reuters
XXXXXXX engagements
Related Topics all the agencies elon musk rates mortgage rate housing market homes united states