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Builders Press Pause on New-Home Construction as Unsold Inventory Hits Record High

Pro Builder

Builders Press Pause on New-Home Construction as Unsold Inventory Hits Record High. Home builders doubled down on residential construction projects to turn a higher profit throughout the COVID-19 pandemic, but as buyer demand wavers, prices are falling in an oversupplied market. Mon, 08/08/2022 - 10:18. New-Home Sales.

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Calculations, Inventory, Service and More

Contractor Magazine

Software designed to streamline the use of Manual J calculations, a cloud-based collaborative inventory management solution, service management software for contractors with residential and commercial clients and more.

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3D Printed Homes Won’t Be Enough to Solve a Nationwide Inventory Shortage

Pro Builder

3D Printed Homes Won’t Be Enough to Solve a Nationwide Inventory Shortage. Large-scale 3D printers can greatly reduce construction times, but they only account for a small portion of the work required to complete a residential project. Tue, 05/24/2022 - 10:47. 3D printing technology is inching its way onto jobsites across the U.S.,

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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. As the construction industry struggles to recruit, train, and retain workers, delayed projects and lingering inventory shortages will continue to limit affordability for homebuyers. . Tue, 11/09/2021 - 09:33.

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February Construction Wages Grew at the Fastest Rate in 40 Years

Pro Builder

The construction industry added 60,000 jobs in February and recorded its fastest rate of wage growth in 40 years in an effort to accelerate residential projects and add more affordable housing to a supercharged market, Insider reports. If the homebuilding sector welcomes more workers, it could relieve the housing market of affordability woes.

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A Slowdown in Housing Demand Is Creating a Surfeit of Lumber Products

Pro Builder

and as some builders pull back, a glut of lumber inventory is sending prices to post-pandemic lows. A slowdown in home sales is causing some builders to put off new housing plans, and as a result, inventories are piling up at sawmills and home improvement stores across the U.S., Housing demand is cooling across the U.S.,

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Storage Units: Are They Worth Buying Or Building?

Construction Marketing

Be it residential or for commercial purposes, they’ll probably be required in some cases. . To store their goods, supplies, materials, and inventory relevant to their businesses, many business owners look for storage units. But by acquiring a storage unit, they know for sure that their belongings will be secure until their return. .