Developer: More Houses Coming on the Market

NTD Newsroom
By NTD Newsroom
September 24, 2021NTD Business
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The labor shortage and raw material shortage are holding homebuilders back.

New home sales were up one and a half percent last month, but that’s 24 percent lower than last year.

Loose central bank policy and low inventory pushed sales to a 15-year peak in January of this year.

NTD spoke with Ken McElroy, CEO of MC Companies, to discuss the latest data.