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Construction on New Homes Retreats as Builders Grapple With Supply-Chain Headaches

By Third PartyMay 19, 2021

Source:Realtor . Com —

The numbers: 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.

U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.57 million in April, representing a 9.5% decrease from the previous month’s downwardly-revised figure, the U.S. Census Bureau reported Tuesday.