article thumbnail

How do you put a price on the wildfire damage in LA?

Housing Wire

It could also include impacted markets, supply chain challenges or financial market connections that could be impacted in some way by the fires, Schneyer said. Of the total economic loss, $150 billion to $200 billion or more does not strictly include what is happening in Los Angeles.

article thumbnail

Housing Starts Decreased in December as Supply Chain Issues Persist

Appraisal Buzz

Department of Housing and Urban Development. The post Housing Starts Decreased in December as Supply Chain Issues Persist appeared first on Appraisal Buzz. Census Bureau and U.S. Starts of single-family homes were at a rate of 1.116 million, a decrease of 5.6% compared with December.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Homebuilders are all smiles right now

Housing Wire

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain.

article thumbnail

New home sales fall to lowest pace in a year

Housing Wire

in May to a 769,000 seasonally adjusted annual rate, according to data released Wednesday by the Department of Housing and Urban Development and the U.S. Related supply chain issues have resulted in a big jump in the price of a new home over the past year. Census Bureau. Sales grew 33% in the Northeast, 6.7% in the South.

article thumbnail

DataDigest: Construction costs easing for homebuilders

Housing Wire

Supply shocks soothed Among the pandemic’s many ripple effects, two hit hard on homebuilders’ costs: a sudden increase in homebuyer demand and supply chain shocks due to lockdowns and capacity cuts by producers who had anticipated economic slowdowns. and many individual commodity prices actually fell.”

article thumbnail

Home Construction Still Affected by Supply Chain Issues

Appraisal Buzz

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. Census Bureau and the U.S. This was 22.3%

article thumbnail

Housing starts disappoint in October, falling by 0.7%

Housing Wire

Department of Housing and Urban Development this week. In the past year, housing starts activity has been hit by supply chain disruptions and labor shortages, resulting in supply-chain bottlenecks and rising costs, and is continuing to weigh down on housing construction in the nation. Census Bureau and the U.S.