Supply not meeting demand: Prices of used vehicles, homes continue to rise

The price for several other items is up as the supply is not meeting the demand.

News 12 Staff

May 18, 2021, 2:25 AM

Updated 1,099 days ago

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Supply not meeting demand: Prices of used vehicles, homes continue to rise
Gasoline isn’t the only item becoming more expensive in the United States.
The price for several other items is up as the supply is not meeting the demand.
Those looking to buy chicken in the supermarket may be paying a bit more. Tyson’s is partly to blame for the increase because breeding at the meat processor is not going well and causing a shortage.
The price of used vehicles is also going up. Prices for used cars and trucks have increased 10% in the last month. And dealerships are reporting fewer vehicles on the lots, pushing the prices up to record levels.
Lastly, the price of homes continues to break records. Nearly 90% of metro areas saw a double-digit percentage increase in prices over the last year due to limited inventory. The housing market is also being hurt by a shortage of lumber. It is causing a delay in constructing new homes and renovating existing ones.


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