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New-Home Construction Bounced Back. But Shortages and Affordability Issues Persist.

·2 min read
New-Home Construction Bounced Back. But Shortages and Affordability Issues Persist.
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Construction of new homes bounced back from its previous month’s slump in August, even as builders warn of ongoing supply chain headwinds. The seasonally adjusted annual rate of new housing units started rose to 1.62 million, up from a revised 1.55 million in July, according to Census Bureau data released Tuesday. Consensus had expected a month-over-month drop to a seasonally-adjusted annual rate of 1.60 million.

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