After a difficult July, housing starts across the United States increased by 3.9% in August due in part to material price decreases and a focus on MDU housing.

Supply chain and labor shortages caused housing starts to decrease by 7% overall in July, with single-family starts decreasing 4.5%.

61.4% of all new homes built in 2020 had an outdoor patio, a record rate, which means likely means continued demand for outdoor technology.

Sales of newly constructed homes are down for the third straight month as builders continue to combat higher construction costs and supply chain restrictions.

Housing starts across the United States have increased as lumber prices start to lower, but other material costs continue to raise the price of completed homes.

Increased cost of building materials coupled with overall housing price increases has lead to a dip in new home sales for May 2021.