Looking to buy a newly built home? Good luck finding one.

Econ & Housing

House hunters looking to buy a newly constructed home are likely to face slim pickings this spring. Construction companies built only 70,000 new homes nationwide in April, according to the Federal Reserve Bank of St. Louis. Even though that’s more than double what builders had completed a year ago, it doesn’t come anywhere close to meeting the shortfall of 6.5…

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