- Construction spending increased solidly in June, boosted by outlays in both single- and multi-family housing projects.
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- Foreign buyers bought 14% fewer homes in the U.S. in the past year, the least since tracking started but at the highest median price of $396,400.
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- Redfin reports a first-time homebuyer would need to earn $64,500/year to afford the typical starter home, which sold for $243K in June.
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