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Scott Turner is the first Black American picked for a Cabinet post in Donald Trump's second administration
Though lumber prices are coming down from record highs, builders are paying more for steel, concrete and lighting, and are grappling with shortages of appliances like refrigerators.
The year-long COVID-19 pandemic has shifted demand towards bigger and more expensive houses as millions of Americans continue to work and remote schooling remains in place
While volatile multi-family housing segment accounted for the decline in home building last month, the broader housing market appears to be slowing