article thumbnail

Is Housing Inventory Much Lower Than We Think it is?

Pro Builder

Is Housing Inventory Much Lower Than We Think it is? Thu, 09/23/2021 - 10:58. It seems likely that active inventory is down close to 25% year-over-year, rather than 13.4%. An analysis of the existing home sales by Calculated Risk noted that inventory may be much less than what the National Association of Realtors report shows.

article thumbnail

The Housing Market's High Risk, High Reward

Pro Builder

The Housing Market's High Risk, High Reward. Mon, 04/19/2021 - 11:35. The housing market has reached the high risk/high reward part of the cycle, and John Burns Real Estate managing principals Ken Perlman and Lesley Deutch call out the opportunities that can lead to those rewards . Resale home inventories are down 45%.

Risk 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

Building Material Costs are Top Concern Despite Builder Confidence

Pro Builder

Tue, 05/18/2021 - 09:20. While low existing home inventory, mortgage rates, and a growing number of prospective buyers keep builder confidence up, building material costs threaten affordability and availability. NAHB says home prices will continue to rise through 2021. cbroderick.

article thumbnail

What’s With the Lumber Price Disconnect?

Pro Builder

Wed, 07/07/2021 - 11:29. This dynamic is primarily due to dealers’ inventory carrying costs and potentially large differences between the price at which inventory is bought and sold. . What’s With the Lumber Price Disconnect? To maintain margins, retailers and wholesalers do their best to buy low and sell high.

Inventory 105
article thumbnail

In the Face of Record-High Lumber Prices, Builders Remain Confident

Pro Builder

Thu, 02/18/2021 - 10:35. But record-high lumber prices continue to affect housing affordability and residential construction, with some builders even having to pause on projects during a time with record low inventory, NAHB Chairman Chuck Fowke told CNBC. . In the Face of Record-High Lumber Prices, Builders Remain Confident.

NAHB 98
article thumbnail

U.S. Home Prices Are Still Rising, but at a Moderating Pace

Pro Builder

Year-over-year home price growth recorded in October remained in the double digits, but was the lowest seen since early 2021 due to low inventory from hesitant sellers, homebuyer loss of purchase power, and economic uncertainty. Annual U.S. Market Data + Trends. Affordability.

Risk 52
article thumbnail

A Look at Lumber Prices From the Supply Side

Pro Builder

Wed, 03/31/2021 - 12:00. I can say with confidence that the market conditions of 2020 and early 2021 are examples of a supply chain and pricing environment most of us have truly never encountered. . A Look at Lumber Prices From the Supply Side. By now, the story is cemented of how we arrived in the situation we face today.

Inventory 124