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Home Builders’ Top Challenges Vary by State as America Reopens

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Home Builders’ Top Challenges Vary by State as America Reopens

June 15, 2020
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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.”

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