Aug 17, 2022

Add the slowdown of new home construction to the list of issues facing the housing market

Despite supply chain bottlenecks and skilled labor shortages, homebuilders are "very optimistic." Justin Sullivan via Getty Images

First, retail data for July has emerged from the Commerce Department. The downturn in new home construction offers a peek into the state of the housing market. The BBC reports on food prices and the pressure they bring to Peru and Nigeria.

Segments From this episode

New home construction is down. Here's what that says about the housing market.

by Samantha Fields

Aug 16, 2022

This could be another indicator that things are cooling down, but home prices are still at record highs.

Fewer people are willing to commit to buying a new home that’s still under construction, says Lawrence Yun at the National Association of Realtors.

Stefani Reynolds/AFP via Getty Images

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The team

David Brancaccio Host

Victoria Craig Host, BBC

Stephen Ryan Senior Producer, BBC

Jonathan Frewin Producer, BBC

Meredith Garretson Morbey Senior Producer

Alex Schroeder Producer

Erika Soderstrom Producer

Redmond Carolipio Digital Producer

Ariana Rosas Producer

Jarrett Dang Digital Producer (gone fishing)

Jesson Duller Media Producer

Brian Allison Technical Director

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