Home builders

New home builders grapple with supply chain issues

HUNTSVILLE, Ala. (WHNT) – Whether you’re considering building a new home or just doing some renovations if wood and new windows are involved, some experts say you’ll need to be patient. Supply chain issues force most new home builders to wait months for even the most basic parts to complete the job. Covenant Christian Wins […]

Home builders

Fluctuating lumber prices impact builders and new home buyers

Soaring lumber prices are making building homes more expensive. KMBC 9 spoke with a Kansas City metro builder who says the cost of a home can fluctuate by tens of thousands of dollars, depending on lumber prices. We discovered its impact on builders and buyers. Determining how much lumber will cost to build a house […]

Home builders

Austin homebuilders struggle to keep up with housing demand

An In-Depth Look at Austin’s Housing Shortage Supply chain issues and land use planning codes are straining home builders and housing shortages. AUSTIN, TX – In January, the median selling price of a home in the Austin metro area rose 30% to $476,000. As it becomes increasingly difficult to find housing in Austin, homebuilders are […]

Home builders

Homebuilder market drops 5% between 2020 and 2021

MADISON, Wis. (WMTV) – Supply chain issues, labor shortages and the price of lumber have impacted the number of homes built in 2021. The Wisconsin Builders Association reported a 5% drop in home building permit applications in 2021. Twelve thousand permits were retired in 2020 and 11,007 were retired in 2021 in the state. People […]

Home builders

Homebuilders hit as construction costs hit 17-year high

National construction costs rose 7.3% through 2021, the highest annual growth rate in nearly 17 years, which “will impact all homeowners and investors.” Despite a slowdown in the quarterly growth rate in the second half of 2021, domestic construction costs recorded the highest annual growth rate since March 2005. In the three months to September […]

Home builders

Ultrapanel accepted in the Federation of House Builders – Show House

Ultrapanel Building Technologies, designer and manufacturer of the award-winning Ultrapanel room-in-the-roof system, has been accepted into the highly prestigious federation of home builders. The Home Builders Federation is the representative body for the home building industry in England and Wales, with member companies representing around 80% of all new homes built in England and Wales. […]

Home builders

Homebuilders grapple with supply chain issues

Homebuilders are struggling to get basic materials like wood and steel, slowing projects and driving up costs, just one example of the supply chain issues that are troubling the U.S. economy and propelling inflation to levels not seen in 40 years. What do you want to know Supply chain issues are disrupting the home improvement […]

Home builders

Pandemic creates challenge for Colorado homebuilders despite strong demand

MONUMENT, Colo. (KRDO) — The coronavirus pandemic has upended the homebuilding industry, with everything from supply and personnel shortages to lumber prices affecting the process. Demand for homes in Colorado has also skyrocketed over the past two years. Data from the Pikes Peak Association of Realtors shows that from December 2020 to December 2021, the […]

Home builders

Homebuilders continue to catch up | News

New home construction hit a major benchmark in February, according to Zillow, when more than 1.5 million residential building permits were issued in the previous 12 months. This level of activity indicates a real estate boom that has not been seen since August 2007. This building boom has drawn comparisons to the glut during the […]

Home builders

Tom York in business: Home builders get record number of permits

A house under construction in California. Photo via Wikimedia Commons The United States has officially entered a building permits boom, with homebuilders’ confidence near all-time highs, according to a recently released analysis by an online real estate broker. Zillow. But there is a long way to go before builders catch up with the shortage of […]

Home builders

Biden administration seeks to double lumber tariffs charged to US homebuilders

E-mail Sign up for our free weekly newsletter It’s a blow to U.S. homebuyers and homebuilders, says NAHB National Association of Home Builders President Chuck Fowke issued the following statement after US Commerce advanced an administrative review last week to double tariffs on Canadian lumber shipments to the United States, from 9% to 17.9%: “As […]

Home builders

Home builders continue to catch up amid construction boom

There is a shortage of 1.35 million new homes since the Great Recession in the 35 largest US real estate markets, according to a new report from Zillow. This is equivalent to having no new homes built for 2.7 years, the company said. Manufacturers are rushing to catch up, but supply chain disruptions and labor […]

Home builders

Rochester Realtors and Home Builders Share Housing Market Updates

ROCHESTER, Minnesota (KTTC) – Housing experts say the price of buying a home is still high. Shortages in the supply chain and limited stocks are partly responsible for the increase. Dwell Realty Group realtors shared what people should know about buying or selling a home during this time. “The best time to buy is now, […]

Home builders

‘Painful’ supply chain delays cost Connecticut home builders

Fluctuating prices and delays in the supply of building materials are a challenge for Connecticut new home builders and renovators and, in some cases, cause construction delays. “It’s painful,” said Bob Wiedenmann, owner of Sunwood Development in Wallingford. “We worked for years where the hardest thing to do was get that next sale. Now sales […]

Home builders

US homebuilders can’t keep up with demand

While demand for new homes continued to grow, the physical construction of new homes in the United States declined in October. iStock According to the last US Census Bureau report, while the number of new permits issued allowing future construction rose 4% in October from the previous month, the start of physical work on new […]

Home builders

Homebuilders Growing Confidence as Americans Call for More Housing

The Numbers: Homebuilder Sentiment Improves Homebuilders have grown more confident this month as housing demand has remained strong, despite continued pressures from supply chain backlogs and labor shortages. The National Association of Home Builders’ monthly confidence index rose three points to 83 in November, the professional group said on Tuesday. This is the index’s highest […]

Home builders

New home builders to be penalized as construction costs increase largest in years | Newcastle Herald

news, property, property, real estate New home builders and renovators across Australia are in an unenviable position, with the cost of construction rising at its fastest rate in more than 20 years and predictions that the situation will not improve for another 12 at 18 months. An increase in new construction and renovation projects, supply […]

Home builders

Lack of developable land is one of the biggest constraints for home builders

Potential buyers will be severely constrained by soaring house prices, rising interest rates and a noticeable shortage of developable land, said Mike Moser of Starwood Land Advisors in a report. recent discussion with John Burns Real Estate Consulting. Moser told JBREC’s Dean Wehrli that new home sales would likely fall below 800,000 this year and […]

Home builders

Homebuilders Gain Confidence Amid Persistent Supply Chain Problems

Numbers Homebuilder sentiment improved for the second month in a row, rebounding further from its late summer low. The National Association of Home Builders’ monthly confidence index rose four points to 80 in October, the professional group said on Monday. The figure represents the highest point since July. “While demand and home sales remain strong, […]

Home builders

Homebuilders wait for lower lumber prices

After months of headlines about rising lumber costs, recent news has focused on significant price declines. The problem for homebuilders and renovators is that although lumber futures have begun to moderate, lumber lots quoted to builders have remained at or near record highs. What’s going on with wood costs? The recent decline in lumber prices […]

Home builders

Homebuilders praise government plan to speed up homes in Leppington | Camden-Narellan Advertiser

The state government’s recent announcement to speed up dezoning of Leppington Stages 2 and 5 has been welcomed by more than 30 home builders. The builders have filed a campaign calling for the rezoning of thousands of inactive blocks of land awaiting rezoning in the priority Leppington neighborhood. However, they say more of Leppington will […]

Home builders

Homebuilders Still Face Supply Shortages and Increased Costs

through: Richmond Times-Dispatch via The Associated Press Posted: Jul 11, 2021 / 2:22 PM EDT / Update: July 12, 2021 / 4:49 AM EDT (Credit: Getty) RICHMOND, Virginia (AP) – Home builders and renovators continue to face supply shortages and higher prices for building materials in the wake of the coronavirus pandemic. The Richmond Times-Dispatch […]

Home builders

Lumber shortage is a crisis for Michigan home builders and their customers

However, he said, “we have defined the exact wood requirements on a (house) package, and we are not ordering exactly what we need.” Small builders would feel the supply squeeze sooner, Neubecker said, and could face longer construction times if they cannot source materials. On the other side of a lumber purchase, Mans Lumber receives […]