US housing construction falls to 5-year low as tariffs weigh on sector
Signs of property market weakness come hours ahead of Federal Reserve’s decision on interest rates
Signs of property market weakness come hours ahead of Federal Reserve’s decision on interest rates

Weak property market and deepening investment woes point to flagging economic momentum

Weakness also attributed to temporary ‘drags’ including wet weather in country’s east

Over the next few years, it will be the most politicised business sector in America

The statistical blind spot could affect everything from interest rate cuts to investment decisions

Annual house price growth halves to 3.5% in April as temporary tax relief ends

Concerns that November figures showing fall to 2.7% distorted by missing data after shutdown