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July 20, 2021

Where is the homebuilding industry headed? CEO of Taylor Morrison weighs in

AP Business Writer

LOS ANGELES — Low mortgage rates and a severe shortage of previously occupied U.S. homes on the market have helped stoke demand for new homes this year, but supply chain problems and rising costs for building materials and labor have been a drag on the industry.

Big homebuilders like Scottsdale, Arizona-based Taylor Morrison Home Corp. have had to calibrate construction schedules to account for the supply crunch, which has caused delays and limited the number of homes for sale.

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