"Tech Stocks Surge as Chipmakers Drive Market Gains"

TL;DR Summary
Home construction in December saw a 4.3% drop, but authorized residential permits rose 1.9%, indicating future activity. Single-family construction is expected to continue its upward trend, while multifamily structures also showed growth. Despite the drop in housing starts, the warm weather in November and December was a contributing factor. Looking ahead, it's predicted that mortgage rates won't decrease significantly, potentially leading to continued demand for new builds and stronger construction activity.
Topics:business#construction#economic-recovery#financeeconomy#housing-market#permits#residential-building
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