Currently Reading

How Are Builders Being Affected by the Coronavirus?

Advertisement

How Are Builders Being Affected by the Coronavirus?


March 26, 2020
bearded middle-aged construction worker wearing hard hat
By Tap10

Buying a home during a global pandemic may not be the best timing, and buyer traffic is reflecting that uncertainty: 81 percent of respondents said that the coronavirus has had an adverse effect on homebuyer demand, according to an NAHB online survey. A total of 46 percent of respondents said that prospective buyer traffic is impacted to a major extent, while 36 percent said it has been to a minor degree. More than 300 responses flooded in between March 18 and March 23, with two-thirds of them identifying as the owner, president, or CEO of their companies. Find out what other challenges builders are facing in the full survey. 

In a survey conducted by NAHB online in recent days, 81 percent of respondents said the coronavirus has had an adverse effect on traffic of prospective buyers. The survey, which was publicized in various internal NAHB communications and social media, collected 308 responses between March 18 and March 23. The largest share of responses (51 percent) came from single-family home builders.  Two-thirds of the respondents were the owner, president or CEO of their companies.

Read More

 

Related Stories

Coronavirus Resources and Information

Why Some Companies May See Hefty Tax Bills from PPP Loans

Some construction companies may receive large tax bills relating to Paycheck Protection Program loans, says the Internal Revenue Service. The IRS…

Multifamily

Concessions Now Offered by a Third of Rental Listings

An increasing number of landlords are offering concessions in order to bolster the suffering rental market. Zillow reports 33.9% of the site’s…

International Builders' Show

Showcase Homes Adapt New Technologies for Virtual Tours

There will be no lines waiting to tour The New American Home, the Pasadena Showcase House, the Kips Bay Show Houses, or Pro Builder's…

Advertisement

More in Category




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.