Home Builders Say Policymakers Have The Power To Ease Affordability
New plan put forth by trade association offers 10 solutions to nation's housing problem
New plan put forth by trade association offers 10 solutions to nation's housing problem
The growth coincides with roughly a quarter of builders saying they cut prices last month.
Newly-built homes reached their smallest median size in 13 years, NAHB reports.
Decline in single- and multifamily home construction helped offset increase in public construction.
Construction of single-family homes decreased 3.1% in June from May.
Overall residential construction, however, ticked up 0.2% in May from April, and was 18.7% above the estimate for May 2021.