New Home Construction Slows as Mortgage Rates Remain High

Home building in May fell to its slowest pace in four years despite a supply shortage. That trend could put even greater strain on buyers. Real Estate and Housing (Residential), Interest Rates, Prices (Fares, Fees and Rates), Mortgages, Building (Construction), United States Economy, Federal Reserve System Home building in May fell to its slowest pace in four years despite a supply shortage. That trend could put even greater strain on buyers. NYT > Business