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Supply chain issues still stymieing homebuilders

Housing Wire

Strong buyer demand in February helped offset supply chain challenges and a surge in lumber prices, according to Chuck Fowke, NAHB chairman. Still, builder headwinds persist, experts said, with many construction companies and homebuilders currently at capacity or dealing with the aforementioned high materials costs.

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New Home Construction Expectations for 2022

Appraisal Buzz

Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing. Importantly, labor mismatches have a big impact on construction labor.

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It

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Fewer housing permits equate to further inventory, affordability challenges

Housing Wire

This has the potential to add even more economic pressure for prospective buyers looking for homes in these parts of the country, the analysis stated. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said.

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Relocation Trends for Buyers in 2022

Appraisal Buzz

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Affordability remains an issue for younger buyers who haven’t yet saved enough money.

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. Since part of the issue is related to supply chain issues and consumer demand, there is some hope here.

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

months of supply; a healthy market generally has between four and six months of supply. Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. . That translates to just 1.6