Homebuilder Confidence Slips as Foot Traffic Declines, Materials Prices Soar, and Supply Chains Issues Rattle
Confidence among U.S. homebuilders unexpectedly slipped in January after four straight monthly increases.
Builders say that prices for materials, especially lumber, are a drag on the industry. In December, the price of framing lumber rose 22 percent and was up 135 percent from its low in August. Many components and durable goods used in the construction of new homes are in short supply, according to many builders.- READ MORE
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