Single-Family Home Construction Plunges as Builders Grapple With Higher Costs and Weak Demand
new construction of single-family homes slowed considerably last month, as homebuilders contend with rising costs and muted buyer demand. The pullback in single-family construction follows data showing that homebuilder sentiment remains low, with 60% of builders reporting that their suppliers have announced or imposed price increases on materials due to tariffs. Builders estimate that President Donald Trump‘s recent tariff actions have raised their […]