U.S. Homebuilders Urge Biden to Help Cut Costs for Market in ‘Extreme Duress’

(Bloomberg) — The biggest U.S. housing industry group urged President Joe Biden to help reduce the cost of homebuilding, saying soaring prices and rising mortgage rates are putting the market “under extreme duress” and driving ownership out of reach for many Americans. The National Association of Home Builders asked the White House to take action…