Building material prices take their toll on new home sales

May 25, 2021 |

Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ― roughly 5.9% lower than the revised March rate, according to a joint analysis from the U.S. Census Bureau and the Department of Housing and Urban Development. While homebuilders grapple […more]

Posted in: San Francisco

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