article thumbnail

Housing Inventory Shows Promising Signs of Potential Rebound

Pro Builder

Housing Inventory Shows Promising Signs of Potential Rebound. Housing inventory began to show its first signs of a rebound in March when stock took a much shallower dip and even increased from February in some markets. For-sale inventory dropped 1.1% For-sale inventory dropped 1.1% cbroderick. Read More. .

article thumbnail

Forbes Reports Record-Breaking Year for the U.S. Housing Market

Pro Builder

Housing Market. Though housing demand will likely remain high into 2022, more inventory and low interest rates could create a more balanced market, according to Forbes Business Council. While both of these statistics are great news for investors, it’s an increasingly competitive market for potential renters.

Housing 97
professionals

Sign Up for our Newsletter

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

article thumbnail

A Frenzied Housing Market Could Persist Beyond the Spring Season

Pro Builder

A Frenzied Housing Market Could Persist Beyond the Spring Season. Price hikes and dried up inventory could remain status quo into the summer months, and potentially for the entirety of 2022. But housing economists are clear: This frenzy will eventually end. The housing market will eventually cool. That's the good news.

Housing 52
article thumbnail

Brick giant to mothball plant as housing demand drops

Construction Enquirer

Forterra is cutting production as housing work stutters including the mothballing of its Howley Park brick factory. The cost-cutting programme was confirmed in a trading update on the eve of Forterra opening its new £95m Desford brick factory. Forterra increased prices four times in the 12 months to January 2023 including a 16.5%

Housing 103
article thumbnail

As Mortgage Rates Surge to 7%, Buyers Are Facing a Shrinking Window of Opportunity

Pro Builder

Housing affordability recently took another hit as the 30-year fixed mortgage rate reached 7%, and a growing number of prospective buyers are struggling to stay in the game. But prices, while moderating, remain high in many markets because inventory is still far below prepandemic levels, said Lawrence Yun, the group’s chief economist.

article thumbnail

How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. As the construction industry struggles to recruit, train, and retain workers, delayed projects and lingering inventory shortages will continue to limit affordability for homebuyers. .

article thumbnail

A Look Back at One Year of the Pandemic Housing Market

Pro Builder

A Look Back at One Year of the Pandemic Housing Market. One year after the pandemic shut down much of the country, life and the housing market remain unpredictable. CNBC warns housing’s fall from grace could be coming sooner than later. cbroderick. Fri, 03/12/2021 - 08:52. Mortgage rates.

Housing 52