“After hitting a low of 10% in the first quarter of 2020, the share of adults planning a home purchase within a year rose for five consecutive quarters, peaking at 17% in the second quarter of 2021. The desire for homeownership cooled off in the third quarter, when the share slid back to 16%.”
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Given the fact that supply is unable to keep up with demand, still, and all the production and manufacturing delays everyone in the LBM supply chain is experiencing, this 1% drop will not have a large impact on the day to day market. Unless this trend continues and this “desire” metric keeps dropping
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