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Soaring lumber prices limit housing's growth

from NAHB Now

Soaring lumber prices limit housing's growth NAHB Now With mortgage applications running ahead of 2019 levels, demand for single-family homes remains a bright spot for the overall economy. Home prices continue to rise well above the rate of inflation as housing inventory remains thin. Additional home building is required to meet this demand, but the rebound of construction off April lows has expanded the need for lumber. READ MORE

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