Getty ImagesThe numbers Sentiment among home builders improved for the second consecutive month, rebounding further from the low point reached at the end of summer. The National Association of Home
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The housing market is starting to cool a bit, but before buyers start celebrating, let’s consider what a “normal” housing market even looks like.
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Builders are working through their supply-chain challenges, and buyers don’t seem fazed yet by the price tags newly-built homes carry these days.
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Building activity for new homes slumped in July, likely reflecting the continued supply constraints that construction firms faced nationwide.
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Home builders have sold more homes than they can build. Now they are limiting their sales in an effort to catch up, helping push home prices even higher.
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Home-construction activity continued to improve in June, but home builders are facing tough choices in a challenging market.
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Wood prices have returned to levels resembling those before lockdowns cut supplies and boosted demand.
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Construction on new homes rose slightly in May, but high lumber prices and labor shortages have stymied builders and could leave many customers frustrated.
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Construction of new homes slowed considerably as builders contend with shortages of labor and building materials, but the demand for housing remains elevated for now.
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The residential construction sector is pumping the brakes, judging by April’s jobs numbers, despite the strong demand for homes.
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