Remove Inventory Remove Materials Remove NAHB
article thumbnail

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs

Pro Builder

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs. Throughout the pandemic, the cost of building a new home surged thanks to record high materials prices and supply chain disruptions. Mon, 08/15/2022 - 10:43.

article thumbnail

Building Material Costs are Top Concern Despite Builder Confidence

Pro Builder

Building Material Costs are Top Concern Despite Builder Confidence. While low existing home inventory, mortgage rates, and a growing number of prospective buyers keep builder confidence up, building material costs threaten affordability and availability. NAHB says home prices will continue to rise through 2021.

professionals

Sign Up for our Newsletter

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

article thumbnail

Fewer Home Builders Are Offering Discounts as Buyer Demand Rebounds

Pro Builder

A lack of existing inventory is forcing prospective buyers into the new-home market and boosting home builder optimism for future projects. Although builders are still contending with shortages in material supply, the NAHB's overall homebuilder confidence reading rose to 45, as mortgage rates continue to slide down and boost demand.

NAHB 98
article thumbnail

Fewer Home Builders Are Offering Discounts as Buyer Demand Rebounds

Pro Builder

A lack of existing inventory is forcing prospective buyers into the new-home market and boosting home builder optimism for future projects. Although builders are still contending with shortages in material supply, the NAHB's overall homebuilder confidence reading rose to 45, as mortgage rates continue to slide down and boost demand.

NAHB 94
article thumbnail

Home Builders Remain Optimistic Despite Market Headwinds

Pro Builder

A lack of existing inventory is shifting buyer demand toward the new-home market, and that trend could pick up steam if interest rates stabilize in the months ahead. “A A significant amount of housing demand exists on the sidelines,” says NAHB Chairperson Alicia Huey. Read more Builders New-Home Sales Economics Builders

article thumbnail

Regulatory Costs Increased 44% in 10 Years

Pro Builder

NAHB says regulatory costs are one of the biggest factors limiting housing construction. The estimate of $41,330 in regulatory costs incurred during development is based largely on the “Land Developer Survey on Regulatory Costs” conducted by NAHB in March of 2021. Read More. . Construction. Planning + Development. Economics.

NAHB 98
article thumbnail

Why Builders Wait to See Lower Lumber Prices

Pro Builder

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold.

NAHB 98