Pro Builder

OCTOBER 27, 2021

Record Low New Home Sales and Construction Inventory. After a boom in new home sales during the first months of the pandemic, rates are steadily declining year-over-year with an inventory supply just above the record low of 33 thousand, according to the CalculatedRisk Newsletter. Housing Markets. Housing Markets.

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Pro Builder

DECEMBER 21, 2021

Housing Inventory Slowed by Supply Chain Disruptions. Home construction is peaking, but new inventory may still offer inadequate supply. With single family and multi-family starts combined, there are currently 1.486 million units under construction, the most since 1973. . million housing units for sale in October.

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Pro Builder

JANUARY 28, 2022

December Housing Inventory Highest Since 2007. Home sales are down year-over-year, but additional inventory could relieve record-high demand. The current inventory of homes under construction is at 263 thousand, the highest since 2007. New-Construction Projects. Fri, 01/28/2022 - 10:23. months from 6.6

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Pro Builder

NOVEMBER 24, 2021

Local Housing Markets Report Low Inventory in October. Housing inventory is reaching record lows—here’s what to expect in the months ahead. Local housing markets reported low inventory for the month of October, and markets in Jacksonville, Miami, and San Diego even reached record lows. Housing Markets.

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Pro Builder

DECEMBER 6, 2021

Metro Denver Reports Low Housing Inventory in November. Ongoing housing shortages are creating a competitive Denver market. A lack of housing supply is creating tight buyer competition as home prices outpace home sales and delayed residential construction leaves behind an undersupplied Denver market. .

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Denver Inventory Metro Housing 52

Pro Builder

JUNE 20, 2023

Housing Inventory Woes Worsen Amid a Buyer-Seller Standoff ldeakins Tue, 06/20/2023 - 10:54 With more rate hikes on the horizon, new home listings are poised to plunge amidst an already rampant housing shortage During the four weeks leading to June 11, the total number of U.S.

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Pro Builder

AUGUST 8, 2022

Builders Press Pause on New-Home Construction as Unsold Inventory Hits Record High. Home builders doubled down on residential construction projects to turn a higher profit throughout the COVID-19 pandemic, but as buyer demand wavers, prices are falling in an oversupplied market. New-Construction Projects. Read more.

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Inventory Construction Housing Profitability 98

Pro Builder

MAY 13, 2022

Weekly Inventory Up Year-Over-Year for the First Time Since 2019. Housing inventory is slowly climbing as buyer demand, home sales slow due to mortgage rate hikes. Year-over-year inventory was down 30% from 2019 levels at the start of the year, but current year-over-year supply is unchanged from mid-2019.

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Inventory Housing Construction 98

Pro Builder

JANUARY 16, 2023

New Listings Fall as Total Single-Family Inventory Rises at the Start of 2023. New-construction projects are boosting housing inventory and sustaining high home prices even as would-be sellers pull back. Housing inventory was up 61.4% Housing inventory was up 61.4% New-Construction Projects.

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Inventory Housing Employment Sustainability 98

Pro Builder

AUGUST 15, 2022

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs. Fixing the affordability crisis means building more homes, but rising construction costs pose a lingering challenge. New-Construction Projects. New-Construction Projects. Mon, 08/15/2022 - 10:43. Affordability.

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Pro Builder

MAY 6, 2021

New Construction Hits Record Highs as Inventory Posts Record Lows. The housing shortage worsened in April by reaching a new low, but March’s increase in new construction could bring much needed relief. during the first quarter of 2021 compared to 2020 and housing starts rose 15.3% Construction. cbroderick.

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Inventory Construction Housing Washington 105

Pro Builder

MAY 2, 2022

Weekly Inventory Is Down Just 6% Year-Over-Year at the Start of May. Housing supply is still at a historic low, but residential construction is speeding up. . Though inventory will remain at a historically low level, year-over-year supply is rising, especially as new home sales slow as a result of elevated mortgage rates.

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Inventory Housing Residential Construction 98

Pro Builder

APRIL 28, 2022

New Home Sales Slowed in March Despite Increased Inventory. New home construction is surging across the country, but only a small number of homes have actually been completed. . The inventory of completed homes for sale was at 35 thousand in March, up from the record low of 33 thousand in several months in 2021 and early 2022.

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Inventory Estimating Housing Construction 98

Pro Builder

FEBRUARY 7, 2022

Record High Share of Houses for Sale Are New Construction. One-third of all homes for sale are new construction, but builders still have a long way to go to meet surging demand nationwide. By the end of December 2021, overall inventory dropped 14.2% Construction. Mon, 02/07/2022 - 10:41. New home sales rose 11.9%

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Housing Inventory Construction 105

Pro Builder

JANUARY 10, 2023

Will Inventory Fall to All-Time Lows Again in 2023? Despite a sudden uptick in purchase applications, total housing inventory is on the verge of falling below 1 million for only the second time in recent history in 2023. housing market traditionally has between 2 million and 2.5 Weekly inventory change: (Dec.

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Inventory Housing Construction 52

Pro Builder

MAY 17, 2022

Biden Announces Housing Supply Action Plan to Boost Inventory Nationwide. Biden's most recent housing initiative seeks to overcome a decades-old supply deficit, but experts worry that not all homebuyers will benefit equally. Housing Policy + Finance. Housing Policy + Finance. Tue, 05/17/2022 - 10:35.

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Inventory Housing Plans Income 52

Pro Builder

DECEMBER 1, 2020

New-Home Inventory at Three-Year Low as Sales Outpace Construction. The historic margin of new-home sales versus construction starts from the end of summer are continuing to affect overall new-home inventories. Inventories for new homes are now at a three-year low. Construction. cbroderick. Read More. .

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Inventory NAHB Construction Housing 85

Pro Builder

FEBRUARY 9, 2022

With Limited Inventory, Buyers Are Competing for an Aging Housing Stock. As a result, inventory is disappearing, and buyers are facing record high prices and a tight competition for a limited supply of existing homes rather than new construction. Housing Markets. Wed, 02/09/2022 - 10:21. New-Home Sales.

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Inventory Housing Equity Regulation 52

Pro Builder

FEBRUARY 26, 2021

Is the Pandemic Entirely to Blame for Record-Low Housing Inventory? The same can be said for record-low housing inventory. Since the Great Recession and resulting housing bust, builders have constructed fewer homes, especially in relation to the increasing population. cbroderick. Fri, 02/26/2021 - 09:26.

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Inventory Housing New York Products 59

Pro Builder

JANUARY 12, 2023

First-Time Buyers Burdened by Lack of Entry-Level Inventory. For the past two years, first-time buyers have battled a housing affordability crisis paired with a growing shortage of cost-friendly starter homes. Thu, 01/12/2023 - 11:29. Market Data + Trends. New-Home Sales. New-Home Sales.

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Inventory Housing Insurance Profitability 52

Pro Builder

JANUARY 6, 2023

While new-construction homes might technically cost more upfront, that price tag is not the whole picture. Read more New-Home Sales New-Construction Projects Sales New-Home Sales Though new homes cost more upfront and take an average of 6.5 Though new homes cost more upfront and take an average of 6.5

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Housing Inventory Construction 98

Pro Builder

MARCH 9, 2023

posted the strongest annual inventory gains of 208.2%, 231.6%, and 191.2%, respectively. Though active inventory is rising at a steady pace, new listings are falling in those same metros thanks to cooler demand from local buyers. Read more Housing Markets New-Construction Projects Housing Markets

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Construction Business Owner

APRIL 25, 2022

B uilding the average 1,200-square-foot house requires tens of thousands of nails, thousands of board-feet of lumber and well more than a thousand feet of wiring. Every component needs to be specified, purchased, delivered, warehoused and constructed with the aid of workers, tools and heavy equipment.

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Inventory Equipment Housing Management 296

Pro Builder

JANUARY 20, 2022

Two Years Into Low Inventory and Rising Prices—And Still No End Is in Sight. Buyers are headed into the second straight year of a record-breaking housing market. My pessimistic view is that the economy is perfectly capable of running with unaffordable housing,” said Daryl Fairweather, the chief economist at Redfin.

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Inventory Housing New York Sustainability 98

Pro Builder

OCTOBER 11, 2022

Texas Home Builders Forced to Offer Discounts to Dump Inventory by Year End. Soaring housing costs are forcing Texas home builders to slow production and offer concessions in order to sell completed homes. New-Construction Projects. Tue, 10/11/2022 - 10:43. New-Home Sales. Regional Builders. Regional Builders.

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San Antonio Inventory Texas Housing 52

Pro Builder

JUNE 10, 2021

Experts Say Relaxed Zoning Rules Will Boost Housing Supply. The most effective way to increase the supply of housing would be to relax zoning rules, according to results from Zillow’s Home Price Expectations Survey. This survey questions housing experts on their expectations and solutions for the housing market.

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Zoning Housing Inventory Metro 98

Pro Builder

MARCH 24, 2022

New Home Sales Decline Despite Highest Inventory Since 2008. For-sale inventory is being added to a heated housing market at a lightning pace, but buyers are still reluctant to jump into the fray. New-Construction Projects. Thu, 03/24/2022 - 10:26. decreased 2% to an annual rate of 772,000, Realtor.com reports.

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Inventory Housing Construction 52

Pro Builder

FEBRUARY 17, 2022

Low Inventory and Price Gains Could Pose Challenges for Spring Shoppers. Home prices are hitting new highs and builders are racing against the clock to add much-needed housing supply, but demand isn’t wavering ahead of another strong season for home buying. New-Construction Projects. Housing Markets. Housing Markets.

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Inventory Housing Agreement Schedule 52

Pro Builder

JULY 22, 2021

Starter Home Inventory at Five-Decade Low. There were 418,000 new starter homes constructed in the late 1970s, but there were just 65,000 starter homes completed in 2020. Freddie Mac defines entry-level housing as homes up to 1,400 square feet, and inventory for those homes is now at a five-decade low, reports Realtor.com.

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Inventory Miami Housing New York 52

Pro Builder

FEBRUARY 11, 2022

Here Are the Cities With the Highest Inventory—and Those With the Lowest. The spring homebuying season is just around the corner, but a record low supply of homes for sale could pose a serious obstacle for new house hunters flooding the market. most agree that inventory will remain extremely tight during the peak 2022 buying season.

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Inventory Housing New York Florida 52

Pro Builder

DECEMBER 27, 2021

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. Census Bureau and the Department of Housing and Urban Development. Construction. Mon, 12/27/2021 - 10:19. This is 12.4 months from 7.1

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Inventory Estimating Housing Residential 52

Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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Housing Inventory NAHB New York City 98

Pro Builder

MARCH 7, 2022

A Return to Seasonal Buying Patterns Depends on Increased Inventory. Seasonal homebuying patterns have been entirely upended by the COVID-19 pandemic as tighter inventory pushes house hunters into a year-round frenzy, and according to Realtor.com, that trend could continue throughout 2022. Housing Markets. New-Home Sales.

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Inventory Washington California Housing 52

Pro Builder

NOVEMBER 5, 2021

Labor Shortage Causing Housing Crisis Across U.S. What a lack of skilled construction workers means for a market with limited supply and record-breaking prices. A lack of skilled construction labor is a major limiting factor in the race to provide greater housing inventory and improve affordability in a tight market. .

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Housing NAHB United States Inventory 119

Pro Builder

APRIL 4, 2023

Construction Job Openings Fell in February ldeakins Tue, 04/04/2023 - 10:51 As the housing market cools, construction job openings are trending lower, but hiring and recruiting skilled laborers remains a top priority for most construction firms After an elevated 11.2 The construction job openings rate decreased to 4.9%

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Construction NAHB Remodeling Inventory 97

Pro Builder

JANUARY 20, 2021

How Biden Plans to Address Housing Affordability. Joe Biden has big plans for the housing market, and especially for housing affordability. CNBC says Biden’s housing plan could relieve buyers by easing the pressure on home prices and supply. Housing Policy + Finance. cbroderick. Wed, 01/20/2021 - 10:04.

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Housing Plans Finance Inventory 105

Pro Builder

APRIL 7, 2023

The one-bedroom apartments, with support services from WellPower, seek to transition homeless individuals back into long-term housing. and financing came from Denver’s Homelessness Resolution Fund, the Colorado Housing & Finance Authority, and the Colorado Division of Housing, The Denver Gazette reports.

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