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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. . percent in 2020.

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Home Sales Are Slowing, but Prices Continue to Rise

Pro Builder

The residential real estate market saw falling sales activity in November after months of similar declines, but despite growing hesitancy among would-be buyers, home prices are remaining resilient, according to the National Association of Realtors. Plus, available housing inventory remains near historic lows.”. Thu, 12/22/2022 - 10:47.

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Remote Work and Cryptocurrency Are Driving up Demand for Luxury Houses

Pro Builder

As residential sales nationwide reach historic gains, luxury homes in Manhattan are closing at prices above $10 million, while some exurban properties are also exceeding seven figures, according to Realtor.com. As wealth creation drives a buying frenzy across the U.S., million to $2.5 Housing Markets. Sales + Marketing. Market Data + Trends.

Housing 104
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How Multifamily Builders Can Benefit From Single-Family Boom

Pro Builder

Mon, 12/14/2020 - 10:28. Builders are especially busy with nearly all standing inventory sold, so new-home buyers must wait nine to 12 months before their homes are even constructed. How Multifamily Builders Can Benefit From Single-Family Boom. cbroderick. Renting where that new home will be could be ideal.

Tampa 52
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Low Inventory Slows New Home Sales at the Close of 2021

Pro Builder

Low Inventory Slows New Home Sales at the Close of 2021. New home prices are up 20% year-over-year while a record 110,000 residential construction projects have yet to be started. percent below the November 2020 estimate of 865,000. months, most recently in October 2020. Mon, 12/27/2021 - 10:19. This is 12.4 Construction.

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2020 Pro Builder Top 100 Products

Pro Builder

2020 Pro Builder Top 100 Products. Fri, 07/31/2020 - 06:00. Available in an array of colors and styles, with new colors added in 2020 as well as a new, matte Brushed Finish, the nonporous surface resists stains, chemicals, and heat, and doesn’t require sealants, the company says. . . Pro Builder Staff. . Kitchen + Bath.

Products 116
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2020 Housing Giants Report: The Magnificent Middle

Pro Builder

2020 Housing Giants Report: The Magnificent Middle. Wed, 06/03/2020 - 13:00. 2020 Housing Giants Ranked. Offering a mix of starter and first- and second-move-up product priced from the $380,000s to $800,000s, most of it presold, the company made plans to expand into nearby Yolo County in 2020. Then there’s No.

Housing 86