Here's why new home construction is down so much

Millennials in particular are losing out as new home construction slows, and the tax overhaul and tariffs aren't likely to improve matters

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Michael Neal, an analyst with the National Association of Home Builders, estimated that only about 890,000 single-family homes will be built in 2018 — nearly 1 million short of annual growth projections by the U.S. Census Bureau, which includes migration shifts and birth rates.