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"The combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022."
"The signals provided by the Dodge Momentum Index continue to suggest that construction activity will improve in 2022—and, more importantly, that this growth will be more balanced than what was seen in 2021."
Home prices are growing faster than rents in nearly 90% of the nation, but renting is costlier than comparable home ownership in about 60% of the country.