In north korea, the regime confirming for the first time it has custody of an american soldier who bolted into its territory last month. What the north is claiming he said. And back at home, Soccer Superstar lionel messi propels his miami team to new heights. We begin this morning with a Wildfire Devastation in hawaii. This morning, the white house announced President Biden and the first lady will travel to maui on monday to meet with First Responders and survivors. And as the death toll climbs to 106, were starting to learn the identities of some of the victims. They include 74yearold robert vickman, 79yearold buddy jantoc, franklin teros, who was trying to save a friends dog, Carol Hartley who lived on lahaina for 36 years and a family of four that was trying to escape. And as news crews with Cadaver Dogs Scour the area, a growing number of families are facing a grim reality, one man spoke with our affiliate khnl outside a morgue, saying he was waiting to identify his stepfathers rem
56 past the hour. new numbers from july show positive signs for the housing market. single family home building surged by 6.7% last month. cnbc s dominic chu is with us. these numbers sound good. what s the latest on these? you might be seeing signs that would-be home buyers are used to the idea of higher rates and some of the data we are seeing may be further evidence of that. first of all, there hasn t been a big change to the state of housing. the bigger picture is that there aren t a lot of previously owned homes for sale, because people are opting to stay put rather than give up their higher rate mortgages or go into higher rate mortgages than what we have right now. that s translated into a boom
Want to keep that in mind. this is likely to change because of the extra costs from higher prices and mortgage rates, but for now prices are still high. this is something i wanted to ask you about. for all the people out there looking to purchase a home, what is the expectations that these homes and the prices they re paying will hold that value say in the next couple of years? because this is such a unique it seems like such a unique inflated time. yeah, it is a really unique time. so there are some long-term trends that are definitely in the favor of home prices staying where they are or even climbing higher, and that is if you look over the last decade, we ve built 5.8 million fewer single family homes than we ve had households formed. we re in a real long-term shortage situation in the housing market. we build about 1.2 million single family homes a year. so we re five years behind when it comes to single family home building. even if we see demand slow, which is likely given