Construction of new U.S. properties rebounded 10.7% in February to an annual pace of 1.52 million items, the Commerce Department mentioned Tuesday. Nationwide, home prices rose 6% in January from a yr earlier, the most important year-over-year increase since November 2022. Privately owned housing starts dropped 14.7% in March, the most important monthly decline because the onset of the COVID-19 pandemic in April 2020. The market is just expected to realize provide and demand balance by then. Bearing the brunt of those points is the office sector, which can be burdened by falling demand amid entrenched remote work. It displays…
