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Homebuilding permits set for slight rise in Northwest Arkansas this year
Data: Census Bureau via housingdata.app; Chart: Axios VisualsNorthwest Arkansas is on track to permit more new housing units than last year, but only by about 2%, according to Census Bureau data.Why it matters: That's a problem for people facing steep housing prices. Experts estimate America is short more than 3 million units of housing, either to rent or buy.The big picture: U.S. metros overall are on track to permit fewer new housing units than last year. Higher interest rates for loans are slowing new-home and apartment construction, according to the National Association of Home Builders.Labor and lot shortages are also...
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