New home construction falls again in October amid soaring interest rates ...Middle East

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New home construction falls again in October amid soaring interest rates
New home construction fell again last month as soaring interest rates continued to weaken demand in the housing market.  Housing starts declined by 4.2 percent from September to 1.43 million units, according to Census Bureau data released on Thursday.   The number of new building permits issued in October also fell from the previous month, dropping by 2.4 percent to 1.53 million.  “Both starts and permits fell behind September levels and behind levels from one year ago,” Zillow senior economist Nicole Bachaud wrote in an analysis.   “As the current affordability crisis burns on, builders are feeling demand for new homes slipping further away, depressing confidence in their abi

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