Remove 2021 Remove Forecasting Remove Inventory Remove Residential
article thumbnail

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%

article thumbnail

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
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Persistent Supply Chain Issues Hold Builders Back

Pro Builder

Mon, 04/26/2021 - 09:27. 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. Persistent Supply Chain Issues Hold Builders Back. cbroderick. Prices of building materials such as glass, drywall, and roofing also are up.

article thumbnail

Housing Outlook: Is This a Recession … or Not?

Pro Builder

Another important indicator of industry health is the rate of single-family housing starts, which increased by 13% in both 2020 and 2021. NAHB forecasts a 13% decline in 2022 and an 8% decline for 2023, with the slight moderation in next year’s decline being due to the Federal Reserve pausing interest rate hikes by that time, Dietz says.

Housing 98
article thumbnail

Marketing Industrialized Construction to Consumers

Pro Builder

The data Rise collected backs up what many in the residential construction industry are slowly realizing: Homebuyers have a sincere interest in, a baseline knowledge of, and a curiosity about—and far less bias against—homes built mostly or entirely in a factory. Home Builder Rankings by 2021 Revenue and Closings. Off-Site Construction.

article thumbnail

2020 Housing Giants Report: The Magnificent Middle

Pro Builder

That will set the tone for 2021.”. . Based on that performance, bolstered by low interest rates and inventory, the seasonally adjusted annual rate for 2020 was pegged at 1.55 Single-family home sales were predicted to top 760,000—a 19% gain from a year before—and private residential construction spending was up 9% to $5.54

Housing 86