The US housing construction industry has reached its lowest level in five years, according to recent data. The drop is attributed to the ongoing tariffs imposed on imported materials and labor, which have increased costs for builders.
The decrease is part of a broader decline in residential construction activity, with building permits and starts falling significantly over the past year. Industry experts warn that this trend may persist due to the ongoing trade tensions and associated price increases.
Source: https://www.ft.com/content/3ffaf2cf-815c-4962-95a5-efda946c46c0