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back February 17th 2023
Globe St.

Despite builders facing challenges with high construction costs and supply chain disruptions for building materials, a new report from the National Association of Home Builders (NAHB) suggests that the housing market may be showing signs of improvement. According to Noah Breakstone, CEO of BTI Partners, predicting the short-term direction of the housing market is challenging. "Developing land for vertical construction purposes can take anywhere from two to four years, which is too long to capitalize on a changing market unless the land is already available," Mr. Breakstone said."