12 month rolling new home comencements at a 7 year low. June 2025 - May 2026 - 24,499 new home starts. We are back to 2018/2019 levels. Even accounting for the artifical spike caused by the waiver deadlines, this is concerning. Ultimately it is completions that matter, but... https://t.co/vlDmnqTy4o #RealEstate #HousingMarket #NewHomeConstruction #Nospecificcountrycodescanbeidentifiedinthetweetprovided.