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Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021
The increase marks the first time GDP has surpassed 16% since 2022
Home builder confidence may have seen a dip in August, but demand for new-home construction is on the rise
A slight drop in mortgage rates caused builder confidence to rise in January after 12 consecutive monthly declines
As elevated interest rates continue to price out would-be homebuyers and supply chain disruptions drive up costs for materials, builders are revising their outlooks on single-family home building
NAHB Chairman's Message: Home builder confidence is declining in response to current conditions. The National Association of Home Builders is doing all it can to help home builders as the economy softens
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