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Over 2 Million More Construction Workers Needed to Combat Low Housing Inventory

Pro Builder

Over 2 Million More Construction Workers Needed to Combat Low Housing Inventory. How a monumental labor shortage is affecting the housing market. To combat a major housing crisis, the construction industry will need to hire over 2 million more workers over the next three years, Insider reports. Housing Markets.

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Labor Shortage Causing Housing Crisis Across U.S.

Pro Builder

Labor Shortage Causing Housing Crisis Across U.S. 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. . Fri, 11/05/2021 - 09:46. A skilled labor shortage across the U.S.

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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.

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These 13 Housing Markets Could See Decelerating Prices

Pro Builder

These 13 Housing Markets Could See Decelerating Prices. After consecutive price gains amid limited inventory, some markets are becoming too hot for buyers to handle. On Wednesday, CoreLogic provided Fortune the market risk calculation for 385 metropolitan statistical areas. Housing Markets. Housing Markets.

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The State of Housing Market Trends for September

Pro Builder

The State of Housing Market Trends for September. The September housing data release reveals that homes are still selling at a brisk pace and listing prices continue to grow steadily over the previous year. Active listing inventory is historically low but the gap compared to last year continues to shrink. compared to 2019.

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Single-Family Built-for-Rent Inventory Jumps 50% From 2019

Pro Builder

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Built-for-rent homes are a way to add more affordable options to the housing stock, especially now as more Americans desire larger homes and single-family options, says the National Association of Home Builders. cbroderick. Fri, 02/19/2021 - 09:43.

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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. .