article thumbnail

Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. Rebounding construction could lead to supply constraints as well as exacerbate an existing shortage of skilled labor, construction materials, and ready-to-build lots, though long-term inventory growth is necessary to resolve an ever-widening housing affordability crisis. .

article thumbnail

How a Housing Shortage and High Prices Are Hurting the Middle Class

Pro Builder

Home prices are quickly exceeding home buyer budgets as limited inventory pushes affordability further out of reach. Buyers with a household income between $75,000 and $100,000 are limited to roughly 51% of total homes listed for sale, compared with 58% in 2019. How a Housing Shortage and High Prices Are Hurting the Middle Class.

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

What Do Economists Predict for Unemployment, Multifamily Starts, Home Prices?

Pro Builder

Since then, the prospect of a nationwide price dip has become far less likely as historically low inventory and heavy buyer demand have pushed up prices. Panelists are now more optimistic than they were even before the pandemic, forecasting a 3.7% increase in the Q3 2019 survey.[1]. average forecasted growth from 0.9%

article thumbnail

NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. The TBBA has twice named him Builder of the Year, and in 2019 the FHBA inducted him into the Florida Housing Hall of Fame. New Single-Family Home Inventory. NAHB New Chair to Tackle Regulation and Promote Trades. Mon, 08/03/2020 - 13:00.

NAHB 98
article thumbnail

Persistent Supply Chain Issues Hold Builders Back

Pro Builder

Demand for new homes remains high as existing home inventory rests at record lows, but builders continue to hit roadblocks from building materials and supply chain issues. In 2020, starts were up 11% from 2019 levels. Persistent Supply Chain Issues Hold Builders Back. cbroderick. Mon, 04/26/2021 - 09:27.

article thumbnail

2020 Housing Giants Report: The Magnificent Middle

Pro Builder

of all home closings in 2019, while the market share among the top 20 continued to grow … often by gobbling up well-run and profitable builders occupying the ranks below them. . Previous: 2019 Housing Giants Report. . winner of an NHQ Gold Award in 2019 , which rose four places to No. And why should they? Then there’s No.

Housing 86
article thumbnail

Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

expanded into markets in Iowa, Alabama, and South Carolina, and became a shareholder of American Southern Homes after it acquired Grayhawk Homes in November 2019. . “If His team regularly examines financial scenarios to forecast what the numbers could look like should sales decline by 10%, 20%, and so on.