Homeowners Confidence Falls for Second Month in a Row – Residential construction costs are up 21% year over year.

Source is CNBC. Report just got released today.

Major Quote: “Production disruptions are so severe that many builders are waiting months to receive cabinets, garage doors, countertops and appliances,” said NAHB Chairman Jerry Konter, a builder from Savannah, Georgia. “These delivery delays are raising construction costs and pricing prospective buyers out of the market.”