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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. NAHB reports. New-Construction Projects. New-Construction Projects. Thu, 10/06/2022 - 10:24. The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building . Single-Family Homes.

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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

A lack of skilled construction workers is delaying multifamily projects. 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.

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Single-Family Built-for-Rent Inventory Jumps 50% From 2019

Pro Builder

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Construction starts for single-family, built-for-rent homes increased 50% last quarter compared to the fourth quarter of 2019. Comparing the past four quarters with the four prior quarters, there are 13% more single-family construction starts. cbroderick.

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Labor Shortage Causing Housing Crisis Across U.S.

Pro Builder

What a lack of skilled construction workers means for a market with limited supply and record-breaking prices. is reaching a crisis level, says the NAHB, but in order to meet rising consumer demands, 740,000 new workers will need to be hired per year for the next three years despite a gain of just over 100,000 in the past year. .

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Job Openings Are Falling as the Labor Market Slows

Pro Builder

economy, NAHB Eye on Housing reports. The count of open construction jobs rose from 353,000 in July to 407,000 in August, which, despite slowing housing data, is actually higher than the 362,000 estimate from a year ago. Despite slowing of building activity, construction sector layoffs remained low at a 1.6%

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Single-Family Built-for-Rent Projects Continue to Increase

Pro Builder

As demand for single-family homes continues but affordability challenges emerge, developers and builders are increasing construction for single-family built-for-rent projects. Built-for-rent projects are one way to add inventory as demand outpaces supply in the for-sale market. Construction. cbroderick. Thu, 08/19/2021 - 10:44.

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NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

NAHB New Chair to Tackle Regulation and Promote Trades. Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. NAHB Housing Policy Briefing. NAHB will work with Congress, the White House, and federal agencies to reduce regulatory barriers and increase housing production. Advertisement.

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