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Economic Outlook 2021

Pro Builder

Economic Outlook 2021. Fri, 06/18/2021 - 07:00. Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. National Association of Home Builders.

NAHB 98
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Single-Family Residential Market Faces New Challenges Ahead in 2022

Pro Builder

Single-Family Residential Market Faces New Challenges Ahead in 2022. New home production and total sales volume will be slightly ahead of 2021, according to RCLCO Real Estate Consulting, but progress throughout the new year will still be accompanied by a fair share of challenges and wildcards. Fri, 02/04/2022 - 10:21.

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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. Mon, 12/27/2021 - 10:19. New home prices are up 20% year-over-year while a record 110,000 residential construction projects have yet to be started. Census Bureau and the Department of Housing and Urban Development. This is 12.4

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Housing Inventory Slowed by Supply Chain Disruptions

Pro Builder

Housing Inventory Slowed by Supply Chain Disruptions. Tue, 12/21/2021 - 10:13. Home construction is peaking, but new inventory may still offer inadequate supply. This is normal for new home purchases, but the extra 70,000 and 150,000 single family homes under construction is excess inventory that will need to be absorbed.

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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

Tue, 11/09/2021 - 09:33. A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. As the construction industry struggles to recruit, train, and retain workers, delayed projects and lingering inventory shortages will continue to limit affordability for homebuyers. .

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Land Market Records Largest Gains in Nearly a Decade

Pro Builder

Land sales saw a substantial uptick throughout 2021 as demand for housing development reached a new high. Residential land sales accounted for 59% of all land purchases in 2021, and by Q4, the underlying value of the residential land owned by households totaled $15 trillion, up from $13 trillion in Q4 2020.

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Metro Denver Reports Low Housing Inventory in November

Pro Builder

Metro Denver Reports Low Housing Inventory in November. Mon, 12/06/2021 - 10:12. A lack of housing supply is creating tight buyer competition as home prices outpace home sales and delayed residential construction leaves behind an undersupplied Denver market. . Normally, the inventory of homes for sale drops 11.4%

Denver 52