New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build.

The numbers: Construction of new homes fell 11.4% in March, as builders pulled back in the face of high interest rates and waning home-buying sentiment. In March, housing starts fell to a 1.32 million ...

Interested in buying a new-construction home? You’re far from alone: A recent study by the National Association of Home Builders (NAHB) found that more than 3 in 5 homebuyers would prefer to purchase ...