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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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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. New construction added nearly 8.3

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Existing Home Sales Saw Longest Run of Declines Since 1999 in January

Pro Builder

year-over-year in January to a seasonally adjusted annual rate of 4 million, the lowest level since November 2010, with the exception of April and May 2020. The January inventory level measure rose from 0.96 At the current sales rate, January unsold inventory sits at a 2.9-month Total existing home sales fell 0.7%

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Existing Home Sales Declined for 11th Consecutive Month in December

Pro Builder

million, the lowest pace since November 2010, with the exception of April and May 2020, the National Association of Home Builders' Eye on Housing reports. Year-over-year existing home sales were down 34% in December 2022 to a seasonally adjusted annual rate of 4.02

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Housing Markets Expected to Thrive in 2021

Pro Builder

Forbes analyzed one-year, two-year, and five-year home value changes from Zillow in addition to reviewing the number of home sales, available inventory, and the percentage of homes sold within two weeks from Redfin to determine 15 markets poised to shine next year. Read on to find out the top housing markets to watch in 2021. Boise, Idaho.

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Wave of Foreclosures May Have Little Impact on Housing Market

Pro Builder

And those properties will hardly make a dent in the market’s need for more inventory. At the peak of the foreclosure crisis in 2010, the national average loan-to-value ratio was 94%, meaning the average homeowner owed her lender nearly as much (94%) as the value of her home.

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Construction Business Owner Blogs

Construction Business Owner

your increasing payroll, jobs, inventory, equipment, etc.), December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. Copyright © 2010 Cahaba Media Group. August 2011. April 2011. March 2011.