Housing

Report: Housing starts sluggish

Home construction
Mark Prado
A development in San Francisco's Sunset District will have commercial space and housing units.

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

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