A development in San Francisco's Sunset District will have commercial space and housing units.
Credit
Mark Prado
Despite a large demand for housing, new projects have dipped over the last two years, according to a report in MarketWatch based on federal data released Friday.
Since last year, housing starts are down about 10 percent.
"Homebuilders are wary of overbuilding, like in the last cycle, and also constrained by more difficult conditions," the report notes. "Labor is hard to find, and policies, like trade war tariffs, are making materials more costly."
More data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development can be found here.
Submit your comment
In order to receive a reply to your comment, please provide an email address.