Builders are continuing to face material shortages and now, rather than keep people waiting, they’re allowing new home buyers to move in even as the properties remain unfinished. The supply chain problems are the result of on-off factory closures due to the COVID-19 pandemic, port capacity limits and transportation delays. Due to the shortages, builders
Builders aren’t keeping up with new home demand
December 30, 2020 by
Sales of new homes decreased from October to November due to several headwinds for builders, even though demand remains high. Data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau last week said sales of new single-family homes fell by 11% in November compared to the month before. But