“While demand for single-family homes remains sound, builders continue to report rising development and construction costs, with some additional concerns over trade issues,” NAHB chairman greg ugalde.
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photograph: dan himbrechts/aap australian housing remains in the doldrums, with construction activity continuing to contract and mortgage lending still well. the federal election and Tuesday’s.
“Despite lower mortgage rates, home prices remain somewhat high relative to incomes, which is particularly challenging for entry-level buyers,” NAHB Chief Economist Robert Dietz said in a statement.