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Fed Chair: Home Builders Feel Like They’ve Been Hit by a ‘Perfect’ Storm

Article by NAHB – July 11, 2019 Federal Reserve Chairman Jerome H. Powell told the Senate Banking Committee today that the nation’s home builders are facing several supply-side challenges that are hindering housing affordability and “feel almost like they have been hit with a perfect storm here.” This exchange occurred after Sen. Tina Smith (D-Minn.)…

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