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America saw a surge in applications to build new homes in May, driven by single-family homebuilding projects which rose at it's highest rate in 3 decades.

We find out what this means for the market's recovery and if this boom makes housing affordable for buyers.

Devina Gupta discusses this and other business stories from around the world with Sarah Birke, Bureau Chief for Mexico, Central America and The Caribbean at the Economist, and Jyoti Malhotra, National & Strategic Affairs editor with The Print website in India.

(Picture: Construction workers build multifamily housing in San Diego, California, U.S., January 13, 2023 Credit: REUTERS/Mike Blake/File Photo)