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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.

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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.

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Supply Chains to Improve, Job Market Strengthens

Appraisal Buzz

However, it is not likely to see the housing market and the broader economy immediately return to pre-pandemic norms. As the economy was … The post Supply Chains to Improve, Job Market Strengthens appeared first on DSNews. The post Supply Chains to Improve, Job Market Strengthens appeared first on Appraisal Buzz.

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First-Time Buyers Continue to Feel Impact of Supply Chain Issues

Appraisal Buzz

rise in building materials year-over-year is being passed on to the consumer and pricing many out of the market. The post First-Time Buyers Continue to Feel Impact of Supply Chain Issues appeared first on DSNews. The post First-Time Buyers Continue to Feel Impact of Supply Chain Issues appeared first on Appraisal Buzz.

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Homebuilder confidence falls to lowest level since August

Housing Wire

Homebuilder confidence fell to its lowest level since August 2020, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. “Policymakers need to focus on supply-chain issues in order to allow the economic recovery to continue.”.

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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. A positive indicator for the housing market is the overall number of permits issued for single-family homes, which increased 4.6%

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What a dismal jobs report means for the housing market

Housing Wire

HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. Regardless, a gain is a gain, and the Bureau of Labor Statistics reported nearly eight million jobs are open for those seeking to reenter the market.