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The latest survey data shows that homebuilders have a positive outlook despite inflation and supply chain woes.
The National Association of Realtors reported on Monday that pending home sales were up 7.5% in October.
A look at the factors influencing home construction.
“All of a sudden, these guys don’t have the wood to start supplying some of these jobs,” one analyst said.
But they’re up compared to a year ago.
Last month's flooding did not help matters.
What’s driving the increase in housing start? Not first-time home buyers.
Or maybe a chilly spring in North Carolina. Experts are still puzzling it out.
Temperatures were down across much of the United States, causing consumers to huddle at home instead of going out.
