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Builders Pull Back Due to Building Material Costs and Labor Issues

Pro Builder

Builders Pull Back Due to Building Material Costs and Labor Issues. Wed, 05/19/2021 - 09:33. Limited availability and rising costs of construction materials are creating a slowdown in housing production. Rising interest rates will also erode housing affordability in 2021, though rates have fallen back in recent weeks.

Materials 105
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Economic Outlook 2021

Pro Builder

Economic Outlook 2021. Fri, 06/18/2021 - 07:00. Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. National Association of Home Builders. seasonally adjusted annual rate.

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A Look at Lumber Prices From the Supply Side

Pro Builder

Wed, 03/31/2021 - 12:00. Those of us in the lumber and building materials (LBM) industry can recall moments when we’ve uttered, “I’ve never seen anything like this,” when referring to a particular market dynamic. Everyone who buys LBM products—builders, contractors, lumberyards, and distributors alike—has a purchasing strategy.

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Housing's Incremental Innovation Path

Pro Builder

But I would counter that even Tesla’s journey can’t fully compare to the roadblocks hindering the adoption of Innovation in housing, especially on the production side: Our industry is far more fragmented, a collection of tens of thousands, mostly small, local operations relying on low-tech materials and manual labor. We’ll get there.

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Holding Back the Headwinds

Pro Builder

whenever that happens. After peaking at nearly 25% market share among the Top 20 Housing Giants, and just over 36% of all closings/completions in 2021 among all Giants, the nation’s largest builders took a big step back in market dominance, enabling non-Giants to essentially return to pre-pandemic levels.

Housing 52
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Federal Reserve Will Not Taper Monthly Bond Purchases Just Yet

Pro Builder

Thu, 07/29/2021 - 10:35. The National Association of Home Builders expects the Federal Reserve to announce a tapering of bond purchases before the end of 2021, but the department showed no signs of tapering in their latest meeting. The NAHB forecast has projected higher interest rates as the economy expands. cbroderick.

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How Much Longer Will the Housing Market Be Out of Whack?

Pro Builder

Mon, 09/20/2021 - 11:14. No forecaster interviewed by Realtor.com expects a drastic decline in selling prices like what occurred during the onset of the Great Recession, but an increase in all-time low mortgage rates could keep home prices in check as most buyers have a limit on their budgets for a monthly mortgage payment.

Housing 98