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Homebuilders in U.S. Ease Up on Price Hikes as Buyers Push Back

Homebuilders in the U.S. may have pushed buyers to a breaking point by raising prices higher and faster than ever. Now, they’re easing up -- but just a little.

About 62% of homebuilders said they raised prices in July, the smallest share since June 2020 and down from the peak of 95% in April, according to a survey by John Burns Real Estate Consulting. Prices increased 19% from a year earlier, matching June’s rate after the pace accelerated every month since October.