flexiblefullpage - default
Currently Reading

How Is the Coronavirus Affecting Homebuilders?

Advertisement
billboard - default

How Is the Coronavirus Affecting Homebuilders?


March 24, 2020
builder on roof
By ftfoxfoto

Builders are not strangers to crisis. Just over a decade ago, the housing industry tanked, prompting the Great Recession. But now they face new roadblocks: supply chain disruptions, government shelter-in-place orders, and public fear sparked by the pandemic to name a few. But among it all, the builders’ confidence is still relatively high, and the industry is knee-deep in digital innovation sparked by the coronavirus’ hold on American life. This is not a situation builders want to be in, but the industry is evolving. 

As the country seems to cautiously lock down in order to stem the spread of the coronavirus, homebuilders are embracing what is now becoming the new normal for the wider real estate industry – going virtual.  

Miami-based Lennar Corp, one of the U.S. largest publicly traded homebuilders, is inviting buyers to its online showings and offering drive-through closings, said CEO Stuart Miller on a Thursday conference call.  

“Even in the current environment, we are selling homes,” Miller said as reported by The Real Deal. “Since the first quarter, new orders continue to be strong.” 

Read More

 

Related Stories

Labor + Trade Relations

The Construction Workforce Is Aging Faster Than the National Labor Force

The median age of construction workers varies by state, but nationally, construction workers are one year older, on average, than the typical U.S. worker in other labor sectors

Building Materials

Building Materials Prices Are Rising as Demand for Construction Increases

Prices for in-demand building materials are softening from their mid-pandemic peaks, but as new-construction demand rises, those costs are unlikely to see significant declines

Labor + Trade Relations

Construction Job Openings Are Rising, but for How Much Longer?

Construction job openings rose in April, but tighter monetary policy could put a damper on the labor market in coming months

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category



Advertisement
native2 - default
Advertisement
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
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.