article thumbnail

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. As demand for new homes grows, a lack of skilled construction labor continues to limit inventory and affordability. Mon, 11/08/2021 - 09:37. How a monumental labor shortage is affecting the housing market. million new hires, the report said. Construction.

article thumbnail

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

Pro Builder

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Given the small size of this market segment, the quarter-to-quarter movements typically are not statistically significant. cbroderick. Fri, 02/19/2021 - 09:43. Comparing the past four quarters with the four prior quarters, there are 13% more single-family construction starts.

professionals

Sign Up for our Newsletter

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

article thumbnail

How To Prevent Employee Theft In Your Construction Company

Contractor Bookkeeping

Recent employee theft statistics are increasing, and small business owners are more vulnerable to the problem. pocketing inventory or supplies. pocketing inventory or supplies. The most common embezzlement methods include billing fraud, cash on hand, and check tampering. undercounting change to customers and keeping the balance.

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. . Tue, 11/09/2021 - 09:33.

article thumbnail

What Was September Like in Denver, Las Vegas, and San Diego?

Pro Builder

Inventory in San Diego is at an all time low, whereas inventory in Denver is up 107% (about double) from the all time low in March of this year. Las Vegas inventory is up 74% from the record low in April. Months of inventory increased to 0.76 Months of inventory increased to 0.76 Thu, 10/07/2021 - 11:02.

article thumbnail

The State of Housing Market Trends for September

Pro Builder

Realtor.com breaks down last month’s performance of residential real estate by analyzing inventory, active listings, new listings, days on the market, median listing price, and the share of homes that had their prices reduced. Active listing inventory is historically low but the gap compared to last year continues to shrink.

Housing 59
article thumbnail

These 13 Housing Markets Could See Decelerating Prices

Pro Builder

After consecutive price gains amid limited inventory, some markets are becoming too hot for buyers to handle. A regional slowdown doesn’t necessarily mean a drop in buyer demand or a sudden boost in inventory, but according to the report, it could instead be a sign of “overheating.”. Those 13 markets include Niles, Mich.; Chico, Calif.;

Housing 52