In August, the US housing market experienced a notable rebound, characterized by a surge in single-family housing starts which rose by 15.8%, marking the fastest pace of construction since April. The overall housing starts increased by 9.6%, reaching an annual rate of 1.356 million. This rise was supported by a decline in mortgage rates, encouraging builders to return to the market. Multifamily housing completions also saw a surge, indicating positive trends for rental markets. The increase in construction activity and building permits suggests a recovery, although analysts caution that rising supply might limit future momentum.