Currently Reading

How Is the Coronavirus Affecting Homebuilders?


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

Custom Home Design

Custom Home Building Activity Lags Behind Overall Market

While single-family home construction continues to boom, custom home building lags behind. The National Association of Home Builders reports that…


First All-Women Built Home Breaks Ground in Utah

There’s a project like no other being built in Saratoga Springs, Utah, where everything from engineering to plumbing is being done solely by women…

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…


More in Category


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.