Recent housing market data have illustrated that while the long-run trend for housing remains one of improvement, there will be bumps along the road. In particular, availability of building lots and skilled labor, rising building material prices, and big picture economic and policy developments will present month-to-month challenges for home builders and other housing businesses.
For instance, the share of first-time home buyers remains lower than the historic average. For the housing market to return to normal, these buyers need access ...
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