Remove Construction Remove Marketing Remove Supply Chain
article thumbnail

The Supply Chain Reaction – Interview with Greg Stephens

Appraisal Buzz

Some of the biggest factors affecting the real estate industry are supply chain shortages – rising material prices are adding tens of thousands of dollars to the cost of a new home. Buzz: What is a supply chain shortage? . There are distinct supply chains involving residential and commercial construction.

article thumbnail

The Supply Chain Revisited – Interview with Greg Stephens

Appraisal Buzz

The current supply chain shortage has now been impacting the real estate industry for months. Join our free upcoming webinar on December 14th at 3 pm, “ The Supply Chain Revisted ” with our hosts Greg Stephens, Bill Garber, Jessica Lynch, and James Heaslet.

Insiders

Sign Up for our Newsletter

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

article thumbnail

DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

article thumbnail

New Home Construction Expectations for 2022

Appraisal Buzz

The housing market boomed in 2021 like few could have expected. Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing.

article thumbnail

New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

article thumbnail

Housing market inventory is starting to recover

Housing Wire

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. Suburban multifamily housing construction is also benefitting from this trend.” from February.

Inventory 545
article thumbnail

The historic multifamily construction boom is already fading

Housing Wire

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. Despite this uptick in construction, multifamily builders likely won’t be making much of a dent in the overall housing shortage over the next year or two. Department of Housing and Urban Development.