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While housing starts have been steadily rising since 2011, and existing sales have been growing, albeit very slowly of late, for even longer, things may slow going forward. A combination of suddenly higher mortgage rates, new tax laws that mildly depress the value of higher-priced homes, and now higher aluminum and steel prices on top of already limited inventory, higher lumber prices and a labor shortage, will reduce demand.
Elliot F. Eisenberg,
Ph.D. GraphsandLaughs, LLC
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