Builders Rein In New Housing Production

Single-family home builders continued to practice aggressive inventory management in July by slowing the pace of new production nearly 3 percent to a seasonally adjusted annual rate of 641,000 units, according to recent Commerce Department figures. This was the lowest rate of single-family housing starts since January 1991.

“Though some may be inclined to focus only on the negative angle of this report, there is definitely a bright side,” said Sandy Dunn, president of the National Ass

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