Hawaii housing starts jump 28.2%

…While interest rate hikes are likely to cool demand and slow the pace of home price increases, the Fed’s recent moves cannot solve the housing market’s more fundamental supply challenges. According to researchers at Freddie Mac, the U.S. had a 3.8 million-unit deficit of housing supply in 2020. And with labor shortages and increased material costs during the pandemic, new construction projects may take longer or cost more to complete.

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