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Record Low New Home Sales and Construction Inventory

Pro Builder

Record Low New Home Sales and Construction Inventory. After a boom in new home sales during the first months of the pandemic, rates are steadily declining year-over-year with an inventory supply just above the record low of 33 thousand, according to the CalculatedRisk Newsletter. percent below the September 2020 estimate of 971,000.

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Maryland becomes First State to Ban Polystyrene this Thursday

Green Building Law Update

As a result, food service businesses and schools could continue to use existing inventories of polystyrene food service products until October 1, 2020, but were not be able to purchase additional polystyrene food service products after July 1, 2020. The law criminalizes the use of some polystyrene.

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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. The NAHB is estimating that 740,000 workers will need to be hired each year for the next three years to keep up with market demand. percent in 2020. The HBI report offers a number of other key findings.

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Low Inventory Slows New Home Sales at the Close of 2021

Pro Builder

Low Inventory Slows New Home Sales at the Close of 2021. Despite hitting an all-time low of 33 thousand completed homes for sale earlier this year, inventory is back up to 39 thousand, and the inventory of homes under construction is at its highest since 2007, though supply-chain issues will likely delay many projects into the coming year.

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Top 10 ERP Solutions for Construction Firms

Construction Marketing

According to BSEC’s glossary of software terms , Enterprise Resource Planning Software is a product that “allows a company to manage various aspects of a business — such as accounting, inventory and human relations — in one place. Contact us for a free consultation and sign up for our 2020 Construction Marketing Outlook webcast.

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Starter Home Inventory at Five-Decade Low

Pro Builder

Starter Home Inventory at Five-Decade Low. There were 418,000 new starter homes constructed in the late 1970s, but there were just 65,000 starter homes completed in 2020. Freddie Mac defines entry-level housing as homes up to 1,400 square feet, and inventory for those homes is now at a five-decade low, reports Realtor.com.

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The U.S. Needs 5.5 Million More Units to Close Housing Gap

Pro Builder

The report also says that from 2010 to 2020, new-home construction fell 6.8 The existing-home inventory totaled 1.16 Housing economists differ in their estimates of the supply-demand balance. In a study earlier this year, mortgage-finance company Freddie Mac estimated that the national deficit of single-family homes stood at 3.8

Housing 111