28th March 2023

Provide-chain backlogs are roiling the brand new dwelling market, upending efforts to speed up development, limiting home-buyer decisions, and inflicting some new homeowners to maneuver into unfinished properties.

Dwelling builders have elevated exercise up to now 12 months in response to strong home-buying demand and a scarcity of properties within the existing-home market. In lots of instances, the surge in demand in late 2020 and early 2021 overwhelmed builders, forcing many to halt gross sales in some markets whereas they caught up.

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