Construction of New Homes Improves, but Home Builders Still Struggle With Lack of Labor and Materials

Paul J. Richards/AFP via Getty Images The numbers: Home-construction activity continued to improve in June, but home builders are facing tough choices in a challenging market. U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.64 million in June, representing a 6.3% increase from the previous month’s downwardly-revised figure, the U.S. Census…