builders-say-the-labor-shortage-hit-a-record-high 
Housing Wire
FEBRUARY 22, 2022
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 and leaving builders out of pocket, as the United States’ property fervor drives insatiable demand. .
Empire Appraisal Group
DECEMBER 23, 2021
Builders Say the Labor Shortage Hit a Record High. NAHB survey: Almost 9 out of 10 builders can’t find enough framers and carpenters, with more than 55% of single-family builders reporting a shortage in 16 trades. Framing crews: 86%. Carpenters-rough: 86%. 15, 2021).
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Housing Wire
DECEMBER 20, 2022
It’s fair to say that 2022 has been a depressing year for homebuilders. After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders.
Housing Wire
MARCH 23, 2022
Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. After dropping 4.5% Department of Housing and Urban Development and the U.S. in February.
Housing Wire
FEBRUARY 17, 2022
Global pandemics have always created short-term shortages due to a lack of production capacity. Global pandemics have always created short-term shortages due to a lack of production capacity. However, the COVID-19 pandemic happened in the middle of the most enormous housing demographic patch ever recorded in our history.
Will Springer Realtor
DECEMBER 19, 2023
We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.
Will Springer Realtor
JANUARY 9, 2024
Harvard researchers suggest that this reduced household mobility can lead to inefficiencies in the labor market, hindering Americans from relocating to more productive or high-demand areas. Instead, many eyes may have been captivated by something else dropping – interest rates. and nearly 90% enjoy rates below 6.0%.
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