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U.S. Single-Family Homebuilding Numbers Decline for Second Straight Month

The Commerce Department released data on Tuesday showing that U.S. single-family homebuilding has fallen in August for a second straight month, at a time when builders are struggling with both a supply shortage and a labor shortage. Brad Dillman, Chief Economist for Cortland, joins Cheddar News' Closing Bell to discuss some of the challenges that will continue to affect the housing market.

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