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.

US single-family homebuilding dropped to near a 1-1/2-year low in July due in part to Hurricane Beryl’s disruption of activity, but rising new housing supply could limit a rebound. The fifth straight ...

Since the pandemic housing boom fizzled out in 2022, the number of unsold completed new homes has been on a steady climb. The number of unsold completed new single-family homes in October 2024 ...

Single-use plastics are a persistent source of environmental pollution, and the need to house a growing global population ...