Source: Jonathan Garber, FOX BUSINESS, 4/17/21


Soaring lumber prices are holding back a U.S. housing market. The number of building permits issued in March rose 2.7% month over month to a seasonally adjusted annualized rate of 1.766 million. The uptick is a mere blip on the radar compared with the 19.4% increase in housing starts, which grew at their fastest pace in nearly 16 years. Typically, building begins within two months of issuance, according to the National Association of Home Builders.  

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