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Fri, Oct. 22

Inflation forces homebuilders to take it slow, raise prices

In this June 24, 2021 photo, lumber is piled at a housing construction site in Middleton, Mass. Rising costs and shortages of building materials and labor are rippling across the homebuilding industry, which accounted for nearly 12% of all U.S. home sales in July. Construction delays are common, prompting many builders to pump the brakes on the number of new homes they put up for sale. As building a new home gets more expensive, some of those costs are passed along to buyers. ( Elise Amendola/AP)

In this June 24, 2021 photo, lumber is piled at a housing construction site in Middleton, Mass. Rising costs and shortages of building materials and labor are rippling across the homebuilding industry, which accounted for nearly 12% of all U.S. home sales in July. Construction delays are common, prompting many builders to pump the brakes on the number of new homes they put up for sale. As building a new home gets more expensive, some of those costs are passed along to buyers. ( Elise Amendola/AP)

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