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In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs

Pro Builder

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs. The mid-pandemic housing boom is tapering off as inflation and elevated interest rates make homeownership increasingly unaffordable for a growing number of Americans, but despite softening demand, home prices are still on the rise.

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Fewer Home Builders Are Offering Discounts as Buyer Demand Rebounds

Pro Builder

A lack of existing inventory is forcing prospective buyers into the new-home market and boosting home builder optimism for future projects. Although builders are still contending with shortages in material supply, the NAHB's overall homebuilder confidence reading rose to 45, as mortgage rates continue to slide down and boost demand. "For

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Fewer Home Builders Are Offering Discounts as Buyer Demand Rebounds

Pro Builder

A lack of existing inventory is forcing prospective buyers into the new-home market and boosting home builder optimism for future projects. Although builders are still contending with shortages in material supply, the NAHB's overall homebuilder confidence reading rose to 45, as mortgage rates continue to slide down and boost demand. "For

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Record-High Lumber Prices Stifle Builders and Housing Affordability

Pro Builder

Record-High Lumber Prices Stifle Builders and Housing Affordability. NAHB continues to request assistance from the White House in requesting domestic lumber producers to ramp up production and end tariffs for Canadian lumber shipments. RELATED: Lumber Prices Hit Record High, Threatening Housing's Momentum. cbroderick.

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Next Year’s Housing Market Will Be Boring

Pro Builder

Next Year’s Housing Market Will Be Boring. Bidding wars, soaring building material costs, and builders putting the brakes on sales so production can catch up will be so last year. Fri, 09/24/2021 - 10:42. 2022 could be somewhat normal with steadier production and supply and still solid demand.

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Construction Job Openings Fell in February

Pro Builder

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% rate in February.

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Why You Need a Backup Plan for a Housing Market in Flux

Pro Builder

Why You Need a Backup Plan for a Housing Market in Flux. With rising interest rates, unmet demand, and record-high home sales prices, having a Plan B (and maybe even a Plan C) can help home builders weather a fluctuating housing market . There’s turbulence in the housing market. The Housing Price – Mortgage Rate Dynamic.

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