Pro Builder
FEBRUARY 6, 2023
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
Pro Builder
FEBRUARY 2, 2022
in December and trended lower in 2021 due to a national skilled labor shortage. . The highest measure in the history of the data series (going back to late 2000) was 445,000 in October 2021. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. growth rate.
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Pro Builder
DECEMBER 9, 2021
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. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. rate in October. Labor + Trade Relations.
Pro Builder
JANUARY 5, 2022
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.
Pro Builder
SEPTEMBER 8, 2021
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. Remodeling. cbroderick. Read More. .
Pro Builder
MARCH 31, 2021
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. . A Look at Lumber Prices From the Supply Side. By now, the story is cemented of how we arrived in the situation we face today.
Pro Builder
JUNE 18, 2021
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.
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