This tiny $3 component is holding up the construction of new homes

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This tiny $3 component is holding up the construction of new homes
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This is one of the more unexpected items that's in short supply, and yet required by homebuilders.

Here’s one reason why some builders are finding it hard to complete new homes — they can’t find a tiny $3 component to finish their windows.

Earlier this year, supply-chain shortages were ravaging industries, with products from baby formula to core components like semiconductors being hard to find, frustrating American businesses and consumers. On a podcast hosted by John Burns Real Estate Consulting, Greg Brooks, who is with the Executive Council on Construction Supply, explained how a shortage of $3 window casement latches is causing an outsized impact on output.

“We’ve got all the materials we need to build windows,” Brooks recalled them saying. “The problem [is that] casement window latches that we were sourcing … was stopped because they could not get latches.”

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