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Asia

US housing market weakens as AI boom drives factory output

Markets-Economic Times · 1h ago · 🇮🇳 India

US housing market weakens as AI boom drives factory output

US housing activity weakened sharply in July, with single-family homebuilding hitting a more than three-and-a-half-year low as high mortgage rates and economic uncertainty weighed on demand. In contrast, factory output rose, supported by strong AI-related investment and demand for high-tech equipment and semiconductor production.

Read the full story at Markets-Economic Times →

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