Remove 2021 Remove Inventory Remove Permits Remove Residential
article thumbnail

National Builders Still Playing Catch Up After Great Recession Shortage

Pro Builder

Fri, 12/03/2021 - 09:48. Despite a major year-over-year surge in residential building permits from February 2020 to February 2021, national builders are still playing catch up with a large deficit to fill after years of underbuilding following the Great Recession. There remains a cumulative shortage of 1.35 More than 1.5

Permits 59
article thumbnail

#102:  The State of Residential Construction

NH Construction Law

A report by the New Hampshire Housing Finance Authority indicates that MLS listings in May 2021 were down 23% from a year earlier, while the New Hampshire Association of Realtors reports that the median price of single family home in May 2021 hit a record high of $402,000 (25.7% higher than May 2020).

professionals

Sign Up for our Newsletter

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

article thumbnail

Persistent Supply Chain Issues Hold Builders Back

Pro Builder

Mon, 04/26/2021 - 09:27. 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. Applications for building permits jumped 10.4% Applications for building permits jumped 10.4% cbroderick. Read More. .

article thumbnail

Housing Outlook: Is This a Recession … or Not?

Pro Builder

Another important indicator of industry health is the rate of single-family housing starts, which increased by 13% in both 2020 and 2021. Residential building permits dropped by 15,594, or 10.1% in August 2022, compared with the same month in 2021, according to the U.S. increase of 2021. increase in 2021.

Housing 98
article thumbnail

Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

Wed, 12/15/2021 - 17:31. Ivory Homes in Salt Lake City is Pro Builder's 2021 Builder of the Year. 1 home builder in building permits and construction value, scaring off every large-volume, multistate production operation that dared enter Ivory’s Wasatch Mountain lair. Builder of the Year Ivory Homes' Innovation Agenda.

article thumbnail

Single-Family Residential Market Faces New Challenges Ahead in 2022

Pro Builder

Single-Family Residential Market Faces New Challenges Ahead in 2022. New home production and total sales volume will be slightly ahead of 2021, according to RCLCO Real Estate Consulting, but progress throughout the new year will still be accompanied by a fair share of challenges and wildcards. Fri, 02/04/2022 - 10:21.

article thumbnail

2020 Housing Giants Report: The Magnificent Middle

Pro Builder

That will set the tone for 2021.”. . Based on that performance, bolstered by low interest rates and inventory, the seasonally adjusted annual rate for 2020 was pegged at 1.55 gain—and permits issued in the top 20 markets in January 2020 were a whopping 48% better year over year. billion over the same period. .

Housing 86