Bad news, home buyers: New construction sinks to a 6-year low. Here’s what it means for you. (opens original article in a new tab)

New home construction in the U.S. dropped to a 6-year low in May, reaching levels seen during the 2020 pandemic, which could make home buying more difficult.

• New home construction in the U.S. fell to a 6-year low in May
• Construction levels match the pandemic-era low from 2020
• Market conditions for home buyers may worsen