The National Association of Home Builders (NAHB) has penned a letter to President Joe Biden asking him to take actions to address issues leading to home prices 20% higher than they were a year ago. The organization has been vocal about the issues facing the sector, primarily rocketing lumber prices and supply issues which have forced builders to pass the cost down to consumers. At one point this year, the cost of framing and other types of lumber used in homes was adding $30,000 to the average cost of a new home. Residents renting new ...
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