Are new home projects stalling?

Wichita Business Journal:

Report: New home construction is up, but projects are stalling at a higher rate

https://www.bizjournals.com/wichita/news/2022/04/21/new-home-construction-stalled-increase.html

“The housing market faces an inflection point as an unexpectedly quick rise in interest rates, rising home prices and escalating material costs have significantly decreased housing affordability conditions, particularly in the crucial entry-level market,” said Robert Dietz, NAHB chief economist, in a statement this week.

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Stalled new-home construction can occur for any number of reasons, but a majority of headwinds facing builders today have stemmed from the global supply-chain crisis and cost escalations because of the pandemic, said Jacob Channel, senior economic analyst at LendingTree.“