flexiblefullpage - default
Currently Reading

After Years of Construction Delays, Housing Completions Expected to Increase in Late 2022

billboard - default
New-Construction Projects

After Years of Construction Delays, Housing Completions Expected to Increase in Late 2022

A near record number of homes were started during the pandemic and ultimately delayed by constant supply chain disruptions, but two years later, those projects are finally being completed

August 24, 2022
Two homes under construction in residential neighborhood
Image: Stock.adobe.com

Builders broke ground on a near record number of new housing units throughout the pandemic, but many were delayed by supply chain constraints, labor shortages, and inflated materials costs. Now, as conditions improve, experts are anticipating a sharp increase in new supply in late 2022 and early 2023.

According to Bill McBride in the CalculatedRisk Newsletter, total completions, including single family, multi-family, and manufactured homes, will increase by 10% in 2022 to nearly 1.6 million.

The breakdown of my current estimate is:

  • Single family completions will increase to around 1.05 million from 970 thousand in 2021.
  • Multi-family (including 2 to 4 units) will increase to around 420 thousand from 364 thousand in 2021.
  • Manufactured homes will increase to around 120 thousand from 106 thousand last year.

Read more

Related Stories


Supply Chain Bottlenecks, Rising Interest Rates Hinder New Construction

Unyielding supply chain challenges continued to slow single-family construction in August, but multifamily production surged

Modular Homes

Texas-Based Real Estate Developer Introduces New Modular Plant

Oaxaca Interests recently announced its partnership with award-winning architecture firm Lake|Flato to build custom modular homes in Grand Prairie, Texas

New-Construction Projects

U.S. Housing Starts Are Rising, but That May Not Be the Case for Much Longer, Experts Say

Single-family housing starts rebounded in August after falling in July, but a drop in building permits could signal a slowdown in new construction during the fall season

boombox1 -
native1 - default
halfpage2 -

More in Category

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.