Remove 2021 Remove Housing Remove Inventory Remove Remodeling
article thumbnail

Along With an Affordability Crisis, Buyers Face an Aging Housing Stock

Pro Builder

Along With an Affordability Crisis, Buyers Face an Aging Housing Stock ldeakins Mon, 02/06/2023 - 10:35 Prospective buyers searching for new homes are instead finding a growing inventory of for-sale properties that are 40 years or older The U.S. was 40 years in 2021, the oldest supply on record. New construction added nearly 8.3

Housing 52
article thumbnail

Everyone Wants in on Housing Flipping

Pro Builder

Everyone Wants in on Housing Flipping. Wed, 09/08/2021 - 09:29. One Long Island-based house flipper says now is the best time to be in the business, but finding inventory to rehab is the hard part. Fixer-uppers are fighting over limited stock as the foreclosure moratorium closes off a usually solid stream of inventory.

Housing 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Industry Reports Strong Year-Over-Year Gains for Job Openings

Pro Builder

The construction labor market is eager to recruit skilled workers as new housing starts take off in the first months of 2022. in May 2020, NAHB’s Eye on Housing reports. in December and trended lower in 2021 due to a national skilled labor shortage. . growth rate following a peak of 10.3% growth rate. Labor + Trade Relations.

article thumbnail

October Reports Surge in Construction Job Openings

Pro Builder

Thu, 12/09/2021 - 10:29. More job gains have been reported in the second half of 2021, but many more are needed to contend with an industry-wide labor shortage. rate with more job gains reported in the second half of the year, the NAHB’s Eye on Housing reports. Construction sector layoffs remained near a 4-year low, at a 1.8%

article thumbnail

Construction Job Openings See Strong Year-Over-Year Gains

Pro Builder

After a record number of 445,000 open construction jobs in October 2021, unfilled positions dropped to 345,000 in November, a 5.6% hiring growth rate for a sector in need of additional labor to combat low nationwide housing inventory. Hiring slowed in early 2021, with the exception of a weather-related rebound in March 2021.

article thumbnail

A Look at Lumber Prices From the Supply Side

Pro Builder

Wed, 03/31/2021 - 12:00. I can say with confidence that the market conditions of 2020 and early 2021 are examples of a supply chain and pricing environment most of us have truly never encountered. . Lumber Prices Hit Record High, Threatening Housing's Momentum. A Look at Lumber Prices From the Supply Side. Lumber Price Crisis!

Inventory 124
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