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Subscriber OnlyMarketsEconomicsU.S. Housing Boom Threatened by Short Supply of Homes to BuyBuilders cautious with rising costs for land, lumber and laborLow mortgage rates are driving demand, while supply is scarePhotographer: Daniel Acker/BloombergByPrashant Gopal+FollowSeptember 25, 2020, 2:30 PM UTCUpdated onSeptember 25, 2020, 6:15 PM UTCThe U.S. housing market, which has been a bright spot in the pandemic-battered economy, is running out of fuel.With buyers eager to take advantage of low mortgage rates, the inventory of homes to buy is scarce. That’s driving up prices and threatening to derail the boom by pushing homeownership out of reach for many Americans.
