Marketplace®

Daily business news and economic stories
Aug 17, 2022

Add the slowdown of new home construction to the list of issues facing the housing market

First, retail data for July has emerged from the Commerce Department. The downturn in new home construction offers a peek into the state of the housing market. The BBC reports on food prices and the pressure they bring to Peru and Nigeria.

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Despite supply chain bottlenecks and skilled labor shortages, homebuilders are "very optimistic."
Despite supply chain bottlenecks and skilled labor shortages, homebuilders are "very optimistic."
Justin Sullivan via Getty Images

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