Real Estate
“. . . Nearly everything needed in the homebuilding process is facing some sort of delay and subsequent price increase.”
“When supplies are low, charges inevitably go up, . . . Meanwhile, a lack of availability is causing huge delays, meaning builders are struggling to stay on schedule.”
“Builders are grappling with supply-chain issues that are extending construction times and increasing costs.”
“The skilled labor shortage in the construction industry is not new – it’s been an issue for more than a decade now.”
“Overall this was a good report, . . . The supply of workers continues to fall short of demand, but the underlying momentum of the labor market recovery is strong, and falling COVID case counts provide further forward momentum.”
“The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Explosive supply and labor costs are forcing long delays. . . .”
Stay up to date on the latest real estate trends.
The trend of growing inventories has continued this month, with 15.91% more inventory on the market in June on a year-over-year basis. This growth in inventories can … Read more
Although affordability has been improving over the past few months, monthly P&I payments are still quite a bit higher than they were last year.
Median purchase price continues to tick up, increasing by 2.75% on a year-over-year basis nationwide.
Mortgage rates have ticked up slightly over the course of the past year, and coincidentally, so has the median sale price of a home in the US.
Adults ages 60 to 78 appear to be brushing off current housing challenges more easily than other age groups. Find out what baby boomers—and other age groups—are expect… Read more
One of the headline issues in the real estate industry over the past few years has been, of course, the affordability (or rather the unaffordability) of homes. Unfort… Read more
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