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New Home Completions Stuck at 2020 Levels
Builders say rising mortgage rates, labor shortages and higher costs are keeping completions near pandemic-era lows, with 43% cutting prices in October.
Summary by Arizona Daily Sun
4 Articles
4 Articles
Minnesota ReformerReposted by 
Stateline
StatelineNew home completions are stuck at 2020 levels
Single-family home completions remain stuck at early pandemic levels as of September as costs, labor supply shortages and high interest take a toll on home builders, especially in the Northeast and South. Apartment building was a more mixed picture, down nationally but up sharply in the Midwest (53%) and West (18%). New single–family homes dropped […]
·Saint Paul, United States
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Coverage Details
Total News Sources4
Leaning Left3Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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