Despite an Ever-Widening Housing Shortage, Builders Are Slowing Their Pace of New Construction

https://www.realtor.com/news/trends/builders-are-slowing-down-new-construction-despite-the-housing-shortage-what-gives/
Despite a decades-old housing shortage exacerbating an affordability crisis in the rental and for-sale markets, housing starts are expected to fall to about 744,000 single-family homes in 2023 as builders slow their pace of development. Builders are currently facing a deficit of about 1.5 million homes, but demand is dwindling in the wake of soaring