Higher Construction Cost Force New Home Buyers to Seek Larger Loans

National Mortgage News, Jan. 20, 2022–Brad Finkelstein (subscription)
Higher building costs pushed the average size for a mortgage on a newly constructed home to a record high, but also contributed to a slowdown in purchases in December, the Mortgage Bankers Association said.
https://www.nationalmortgagenews.com/news/higher-construction-costs-force-new-home-buyers-to-seek-larger-loans