New listings of homes for sale fell 9% from a year earlier, and closed home sales were down 5%.
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Supply Constraints Holding Back Potential Sales
With a 6.6% monthly drop-off, sales of new single‐family homes fell in June, as builders continued to feel the squeeze of an uptick in labor and material costs.
Read More »Lumber Costs Loom Large on New Home Prices
The price of lumber has tacked on more than $35K to the cost of the average new home built over the past year.
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