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Homes and construction show strains on the economy

New Home Construction
Data

There were 1.55 million unsold homes at the end of last month, up 0.6% from June.

US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly. Read more.

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Mortgage Rates

The average rate dropped to 5.69% from 5.71% last week.

Average rate on a 30-year mortgage holds steady at lowest level in nearly 10 months. Read more.

Data

Total construction spending has dropped 2.9% over the past year.

Trump’s new tariffs go into effect as US economy shows signs of strain. Read more.

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Location:
Ambler, PENNSYLVANIA, UNITED STATES
Creation date:
Oct 16, 2025 19:15
Photographer:
Matt Rourke
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