Given rising interest rates, housing demand is slowing, according to the National Association of Home Builders (NAHB), which pondered if prices for materials used in residential construction also will ease.
Construction materials costs have climbed nearly 20 percent, however that was "during a period of intense demand and insufficient supply—a reliable recipe for sky-high prices," NAHB said.
It points to the "mercurial fall" in framing lumber prices in recent months as an indication (currently down 48% compared to one year ago) as a leading indicator.
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