article thumbnail

The State of Housing Market Trends for September

Pro Builder

Realtor.com breaks down last month’s performance of residential real estate by analyzing inventory, active listings, new listings, days on the market, median listing price, and the share of homes that had their prices reduced. Active listing inventory is historically low but the gap compared to last year continues to shrink.

Housing 59
article thumbnail

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. . percent in 2019 to 10.9

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. Leadership.

NAHB 98
article thumbnail

Survey Finds 67% of Americans Have Some Buyer's Remorse

Pro Builder

The number of homes on the market has fallen by about 55% from September 2019, when it last peaked, according to residential listing data from Realtor.com. In March and April this year, inventory fell below half a million active listings after a three-year average of 1.3 million from 2017 through the end of 2019.

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

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

Advice for Home Builders Navigating a Market in Flux

Pro Builder

This wave of housing demand began in the second half of 2019, when the 30-year mortgage interest rate dropped to historical lows under 4%. increase for all inputs for residential construction. Private builders are currently experiencing 40% to 50% declines in traffic and sales, and inventories are 21.3% Manage spec inventory.