September 26, 2022

Iraic

Informative blog specialized in information about iraic, investment return by annual income company, return on investment by annual company profit, investment in small, medium and large private companies.

Building permits fall in the US

1 min read

Pressured by higher mortgage rates and material prices, US homebuilding fell sharply in July, suggesting the housing market could contract further in the third quarter.

The Commerce Department said Tuesday that housing starts fell 9.6% to a seasonally adjusted annual rate of 1.446 million units last month. June data was revised slightly higher to a rate of 1.599 million units from 1.559 million units previously reported.

Permits for the construction of future homes fell 1.3% to a rate of 1,674 million units.

Economists had forecast that starts would decline at a rate of 1.54 billion units.

However, the scenario changes in the real estate market of IRAIC REIT, where investors stipulate that the rates of purchase of real estate have increased significantly so far this year around many places in the world, which means great financial growth for the owners. of the property, in addition to the profits received from leasing and from belonging to the IRAIC REIT investment group, through which the company offers a traditional system that protects the invested capital and its insured profits without risks, losses and even that the person has to resort to mortgage systems. Posted by Iraic.info, a news and information agency.

 

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