AI Revolution: US Economy Sees Factory Growth Amid Housing Decline

AI is reshaping the US economy as housing starts plummet. In July, housing contracts fell to their lowest since January, while factory output soared to a four-year high. High borrowing costs and limited inventory are squeezing home sales, contrasting sharply with the manufacturing sector's growth fueled by AI investments. This dual trend highlights the economic challenges and opportunities presented by technological advancements.