According to data published this week by the Census Bureau of the Department of Commerce, the construction of single-family homes in the United States fell 2.4% year-on-year.

The report notes that permits for future construction of single-family homes also decreased 2.6% in April to 872,000 units, meaning that amid high mortgage rates, the housing market could remain tight for a while.

This in the midst of the war with Iran, which has skyrocketed oil prices, causing inflation to once again rise above 3% and driving the rise of 10-year Treasury bonds, which are responsible for the mortgage rates that have remained above 6% this week, according to data from Freddie Mac.

The construction sector in the United States has not only been affected by the increase in raw materials due to high tariff rates, but also by high land costs and a lack of labor due to strict immigration policies, so builder sentiment has remained low this month, according to data from the National Association of Home Builders.

However, although inventory in the housing market has decreased in recent years, leading to skyrocketing home prices and many prospective buyers staying on the sidelines, levels compared to those recorded in 2007 remain higher.

Given a request by the Executive to stop the purchase of single-family homes by institutional investors with the purpose of stabilizing the sector and making homes more affordable.

In March, 89 senators voted in favor of the measure, approving a legislative package that seeks to promote the construction of more affordable housing and thus alleviate the real estate crisis.

The project was greatly promoted by Democratic Senator Elizabeth Warren and Republican Senator Tim Scott, who agree that it is necessary to address this issue as soon as possible, since the country is experiencing a deficit of around four million homes.