Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Explosive supply and labor costs are forcing long delays and leaving builders out of pocket, as the United States’ property fervor drives insatiable demand. . I had a roofer locked in six weeks in advance.

Construction 414

Construction Supply Chain Contracts Business 414

Appraisal Buzz

MARCH 17, 2022

Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately?owned family housing starts in … The post Home Construction Still Affected by Supply Chain Issues appeared first on DSNews. This was 22.3%

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Supply Chain Construction Development Appraisal 150

Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 438

Housing Wire

JUNE 23, 2021

Related supply chain issues have resulted in a big jump in the price of a new home over the past year. The home can be in any stage of construction: not yet started, under construction or completed. For new homes, that supply is sitting at roughly 5.1 months at the current sales rate.

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Supply Chain Construction Buyers Development 461

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

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Supply Chain Housing Market Construction Inventory 510

Appraisal Buzz

APRIL 26, 2022

The sale of new homes dipped in March with builder confidence diminishing, as builders continued to struggle to complete homes under construction due to a shortage of materials. The post Supply Chain Issues Impeding Builder Progress appeared first on DSNews.

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Supply Chain Construction Appraisal 150

Housing Wire

NOVEMBER 17, 2021

Construction of new homes took a dip in October, with housing starts declining month-over-month by 0.7% Analysts’ predictions that the month of October would see a flurry of new housing construction activity were proven overly optimistic. One issue is a shortage of construction workers and muted productivity,” she said. “One

Supply Chain 391

Supply Chain Construction Development Housing Market 391

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. Fannie Mae dropped its projected origination volume for 2021 to $4.33 trillion from the $4.36 trillion it projected in August.

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Supply Chain Inventory Government New Listings 446

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” That’s up from $2.53 billion to $36.1

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Supply Chain Construction Inventory Marketing 347

Housing Wire

NOVEMBER 16, 2021

Census data show an increasing share of new sales are for homes yet to be built or still under construction, and a shrinking share of completed homes,” Kan said. Kan also noted that homebuilders continue to face delays and challenges from “supply-chain bottlenecks and rising costs.” 2021, up 6.4%

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Supply Chain Mortgage Construction Buyers 494

Housing Wire

MAY 18, 2021

“Supply chain constraints are holding back a housing market that should otherwise be picking up speed, given the strong demand for buying fueled by an improving job market and low mortgage rates,” Fratantoni said. Housing completions were at a rate of 1.045 million in April, just 0.1% above the March rate of 1.04

Supply Chain 541

Supply Chain Construction Government Inventory 541

Housing Wire

AUGUST 18, 2021

in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. “There are now almost 690,000 single-family homes under construction – the largest number since 2007. Housing starts in the U.S. million units. .

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Supply Chain Construction Inventory Buyers 504

Housing Wire

FEBRUARY 13, 2024

New construction is backed up,” she said. According to Ellison, new construction in the Birmingham area typically accounts for 15% to 20% of the houses on the market at any given time, but that has not been the case over the past four years. Local builders are truly getting crushed by local governments,” Walker said.

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Construction Supply Chain Inventory Agents 384

Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. With the supply of existing homes on the market still at extremely low levels, the new home market is an important source of housing supply. However, the pace of construction has slowed in recent months,” Kan added.

Supply Chain 455

Supply Chain Construction Mortgage Development 455

Housing Wire

APRIL 16, 2021

. “An extremely tight supply of existing homes for sale combined with still-favorable mortgage rates and an improving labor market will continue to support demand for new housing. Suburban multifamily housing construction is also benefitting from this trend.” from February. from February’s estimate of 1,457,000. .

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Inventory Housing Market Marketing Supply Chain 545

Housing Wire

SEPTEMBER 21, 2021

National homebuilding titan Lennar is comfortably profitable, but company executives lament that a struggle to procure construction materials keeps them from doing more.

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Supply Chain Construction Marketing Real Estate 346

Housing Wire

FEBRUARY 4, 2022

After months of growth, the construction sector lost 5,000 jobs in January from December, due to the loss of 9,500 jobs in heavy and civil engineering construction. As a whole, the construction sector is still 85,000 jobs below its February 2020 level. Residential building construction employment is up 5.3%

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Supply Chain Construction Inventory Retail 422

Housing Wire

JUNE 17, 2021

And Lennar completed construction of a company record 14,493 homes in the past three months, while starting construction on 17,157 abodes. Despite the drop in wood costs, Lennar executives said they’re cautious with ramping up with building, due to overall concerns with the material supply chain. The business reported $6.4

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Supply Chain Construction Investing Business 488

Appraisal Buzz

MAY 2, 2022

Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. Since part of the issue is related to supply chain issues and consumer demand, there is some hope here.

Real Estate 435

Real Estate Supply Chain Marketing Investing 435

Housing Wire

FEBRUARY 29, 2024

Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said. The total number of homes under construction fell by 9% in 2023 while the number of permits dropped 11% year over year.

Inventory 418

Inventory Supply Chain Construction Buyers 418

Housing Wire

JULY 20, 2021

million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. But crucial supply issues are preventing future builds from getting off the ground. The country still lacks an adequate supply of inventory, noted George Ratiu, Realtor.com senior economist.

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Supply Chain Construction Inventory Buyers 468

Housing Wire

MAY 17, 2021

Policymakers must take note and find ways to increase production of domestic building materials — including umber and steel — and suspend tariffs on imports of construction materials.” ” High prices won’t be going away any time soon, either.

Supply Chain 457

Supply Chain Construction Inventory Housing Market 457

Housing Wire

JULY 28, 2021

“Sales continued to trend lower in June as some builders slow sales contracts to manage supply-chains, amidst longer delivery times and higher construction costs,” said NAHB Chairman Chuck Fowke. While lumber prices have shown some improvement in spot markets, these declines take time to translate into lower construction costs.

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Supply Chain Training Construction Development 418

Housing Wire

MARCH 23, 2022

This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. months supply. Experts say that continued supply chain issues , labor shortages , rising material costs and rising interest rates are to blame. “As This is an increase of 3.3% after a 10.4%

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Supply Chain Housing Market Buyers Construction 368

Housing Wire

SEPTEMBER 24, 2021

The solid improvement in August sales does not mean that builders are in the clear — building material supply chain issues and labor shortages are still very real challenges that buyers and builders alike are eager to see resolved,” Zillow economist Matthew Speakman said in a statement.

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Supply Chain Housing Market Construction Buyers 480

Housing Wire

FEBRUARY 2, 2022

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. For example, the National Association of Homebuilders reported Tuesday that despite sustained demand, the job openings rate in construction actually edged down 4.3% in December.

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Supply Chain Investors Construction Buyers 302

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Construction Supply Chain Inventory Housing Market 462

Housing Wire

OCTOBER 18, 2021

Policymakers must focus on fixing the broken supply chain. This will spur more construction and help ease upward pressure on home prices.”. “Building material price increases and bottlenecks persist and interest rates are expected to rise in coming months as the Fed begins to taper its purchase of U.S.

Supply Chain 521

Supply Chain Inventory Buyers Housing Market 521

Housing Wire

NOVEMBER 17, 2023

Permits for future construction also jumped 1.1% The Northeast did not perform as well as weather, supply chain issues, and difficulties getting permits hampered construction. Department of Housing and Urban Development and U.S. Census Bureau data. gain from the revised September estimate of 1,346,000 and 4.2%

Supply Chain 382

Supply Chain Construction Finance Development 382

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. What are you expecting to see next year in terms of supply chain issues?

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Supply Chain Construction Inventory Finance 371

Eyes on Housing

JUNE 7, 2022

Supply-chain challenges and unfavorable economic conditions have reduced the pace of single-family residential construction across all regional submarkets. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Read More ›

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Supply Chain Construction Buyers Development 162

Housing Wire

MARCH 16, 2022

While buyer demand remains high, experts say ongoing lumber and building material supply side issues , labor shortages , rising construction costs and expectations of higher interest rates are contributing to this downturn in homebuilder confidence.

Buyers 394

Buyers Supply Chain Construction Inventory 394

Housing Wire

APRIL 18, 2023

However, because of the COVID-19 delays, we are still working through a backlog of homes under construction. As you can see in the chart below, we have a historic number of 5-unit construction in the works. As we can see in the chart below, the single-family units under construction are already falling as they should.

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Mortgage Construction Supply Chain Housing Market 501

Housing Wire

SEPTEMBER 22, 2022

Homebuilders may have been reluctant to do so until recently as supply chain bottlenecks and labor shortages have resulted in an elevated share of homes for sale still being under construction compared to the historical norm,” according to the report by the ESR Group.

Housing Market 431

Housing Market Supply Chain Marketing Inventory 431

Appraisal Buzz

NOVEMBER 12, 2024

Exacerbating the situation are supply chain disruptions and growing costs for construction materials, which have accelerated since the beginning of 2024 , increasing home maintenance professionals’ overhead. Extreme-weather-related factors are another major contributor, the research showed.

Supply Chain 417

Supply Chain Construction Inventory Appraisal 417

Housing Wire

AUGUST 29, 2022

Closing the housing supply gap will not happen overnight because it has taken some time to get where we are today. The construction industry has yet to fully recover from the 2008 financial crisis when it lost a big segment of its skilled construction workforce. The good news.

Construction 414

Construction Supply Chain Finance Legal 414

Housing Wire

JUNE 30, 2021

” Ruben Gonzalez, Keller Williams chief economist, added that he is “optimistic” new home construction will pick up. “We will continue to gain momentum through the rest of the year if we can avoid further supply chain disruptions ,” Gonzalez said.

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Supply Chain Inventory Buyers Realtors 448