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Slow Economic Growth Reported for the Third Quarter of 2021

Pro Builder

Slow Economic Growth Reported for the Third Quarter of 2021. Fri, 10/29/2021 - 09:25. Nationwide supply-chain disruptions, high cost of living, and unemployment rates are causing a deceleration of economic growth in the third quarter of 2021, according to the NAHB’s Eye on Housing. in the third quarter of 2021, after a 6.7%

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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

Tue, 11/09/2021 - 09:33. A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. The NAHB is estimating that 740,000 workers will need to be hired each year for the next three years to keep up with market demand. Residential construction represents about 3.1

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Denver's Suburban Developments Boom Leaves Few Affordable Options

Pro Builder

Tue, 06/08/2021 - 10:01. Sixteen of the top 20 best-selling residential developments in metro Denver are in Adams, Arapahoe and Douglas counties. million newcomers who will call metro Denver home by 2040, according to the state demographer’s estimates. Denver's Suburban Developments Boom Leaves Few Affordable Options.

Denver 52
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Low Inventory Slows New Home Sales at the Close of 2021

Pro Builder

Low Inventory Slows New Home Sales at the Close of 2021. Mon, 12/27/2021 - 10:19. New home prices are up 20% year-over-year while a record 110,000 residential construction projects have yet to be started. percent below the November 2020 estimate of 865,000. This is 12.4 months from 7.1 months in October.

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Economic Outlook 2021

Pro Builder

Economic Outlook 2021. Fri, 06/18/2021 - 07:00. Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. National Association of Home Builders.

NAHB 98
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Regulatory Costs Increased 44% in 10 Years

Pro Builder

Tue, 06/01/2021 - 10:30. Breaking down the 2021 costs, $41,330 are due to a higher price for a finished lot and $52,540 result from regulatory costs imposed on the builder during construction after purchasing the lot. Regulatory Costs Increased 44% in 10 Years. cbroderick. Read More. . Construction. Planning + Development.

NAHB 98
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Construction Workforce Development Gets New Funding Boost

Pro Builder

The gift will help fund residential construction faculty and curriculum, as well as scholarships to enable more than 500 students to attend the International Builders’ Show each year. An estimated 70,000 students this year alone will learn about the skilled trades needed in residential construction. Census Bureau. This is a 9.6%

NAHB 95