London (CNN Business) The economic recovery from the pandemic has produced a red-hot global housing market, sending prices soaring and generating angst for would-be first-time buyers.
But signs are growing that demand could be tapering off as expenses rise.
What's happening: High construction costs and supply shortages are weighing on confidence among builders, which fell in August to a 13-month low, the National Association of Home Builders said this week.
Home Depot (HD) earnings also raised eyebrows. Same-store sales growth rose just 3.4% in the United States during the second quarter, after jumping nearly 30% in the first three months of the year.
Source: Premarket stocks: The housing boom could be losing steam – CNN
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