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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

After decades of underbuilding and a recent shift to remote work, Rappaport predicts that national single-family permits could eventually rise to a long-term annual rate of 1.4 million, but a number of challenges remain for regional builders across the U.S., NAHB reports. New-Construction Projects.

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2021 Housing Giants Report: An Unforgettable Forgettable Year

Pro Builder

Or maybe one that saw a giant, accelerated leap forward in the use of technology to market and sell homes and adjust to remote working in their own operations and those of suppliers, building inspectors, and permit offices, not to mention homebuyers. Permits were at a seasonally adjusted annual rate (SAAR) of 1.55 a global pandemic.

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Sun Belt Metros Lead the U.S. in Home Building

Pro Builder

Sun Belt metros are leading a resurgence in homebuilding as prices soar and inventory declines amid elevated demand from migrating buyers. single-family building permits per 10,000 people, the most per capita of any major U.S. Sun Belt cities are building homes at a record pace to keep up with rising demand from migrating homebuyers.

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2020 New-Home Sales Hit 14-Year High

Pro Builder

New single-family homes sold nearly 20% more in 2020 than in 2019, likely due to the shortage of existing homes on the market. According to Zillow, last year was the best year for new-home sales since 2006, thanks to low mortgage rates, low inventory, and the pandemic. increase compared to 2019. Fri, 01/29/2021 - 09:58.

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2020 Housing Giants Report: The Magnificent Middle

Pro Builder

of all home closings in 2019, while the market share among the top 20 continued to grow … often by gobbling up well-run and profitable builders occupying the ranks below them. . Previous: 2019 Housing Giants Report. . winner of an NHQ Gold Award in 2019 , which rose four places to No. And why should they? Then there’s No.

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The Best Metros for Homebuyers and Home Builders

Pro Builder

Housing inventory has fallen continuously during the past nine years while buyer demand has only risen, says the National Association of Realtors (NAR). These markets are also prime opportunities for home builders because the increase in inventory remains lower than demand. The Best Metros for Homebuyers and Home Builders. cbroderick.

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Persistent Supply Chain Issues Hold Builders Back

Pro Builder

Demand for new homes remains high as existing home inventory rests at record lows, but builders continue to hit roadblocks from building materials and supply chain issues. In 2020, starts were up 11% from 2019 levels. Applications for building permits jumped 10.4% Persistent Supply Chain Issues Hold Builders Back. cbroderick.