Currently Reading

Home Builders’ Top Challenges Vary by State as America Reopens

Advertisement

Home Builders’ Top Challenges Vary by State as America Reopens


June 15, 2020
builder sanding down wood with mask
By hedgehog94

As states reopen and housing demand soars, home builders reflect on the challenges that still lie ahead. Unlike the shared burdens the pandemic placed on much of the country, home builders in different states are weighed down by unique top concerns, according to NAHB. In California, affordable housing--and more housing in general--will return to the forefront, while in Alabama, home builders are struggling with high material costs. Find out what challenges home builders are facing in states across the nation.

In April, the National Association of Home Builders/Wells Fargo Housing Market Index measuring builder confidence registered its single greatest decline with a 42-point plummet. Today, however, NAHB is exuding confidence that its members will help bring the coronavirus-disrupted country back to financial wellness.

“NAHB anticipates that housing will help lead the economy out of this period of uncertainty and is likely to rebound faster than other sectors,” said Dean Mon, NAHB chairman and a home builder and developer from Shrewsbury, New Jersey. “Pent-up demand for housing and low-interest rates can pave the way for a potential industry bounce back as we head into the summer months.”

Read More
 

Related Stories

Economics

Lumber and Concrete Prices Fall in September

What the latest PPI report means for construction goods.

Business Management Best Practices

Lessons Learned as a Field Supervisor

IBACOS' Andrew Shipp shares best practices and lessons learned from his days managing job sites for large production home builders.

Sustainability

Chris Magwood Talks Low-Carbon Construction

Magwood's low-carbon initiative puts sustainability at the forefront of home building

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

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
Subscribe
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.