Housing Construction Slows Nationwide | Portland Maine News

New home construction is cooling fast, with permits down nearly 20% since pre-pandemic levels, forcing builders to shrink home sizes and cut back—especially in Sun Belt hotspots like Austin and San Antonio. Despite a nationwide housing shortage of nearly five million units, the slowdown threatens to tighten supply and push prices higher when demand rebounds. Meanwhile, the Midwest and Northeast lag behind due to high costs and limited land, leaving a growing gap between where people live and where homes are being built. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://fox23maine.com/news/nation-world/new-home-construction-slows-even-though-housing-shortage-persists More coverage & latest updates:https://sources.thednn.ai/10711696ce564e20 Report issues to [email protected].