Buyer traffic may be down and business may be slow, but home building will likely resume its role as an economic stronghold after COVID-19, according to analysts at Raymond James. The investment banking company says that if the virus is contained soon, the inventory shortage will actually stabilize home values while the housing industry reaccelerates, CNBC reports. Additionally, renewed building activity could help jumpstart the economy after these months of rising unemployment and small businesses taking huge hits. Before that country reopens however, builders are still working hard to cut costs and find innovative ways to keep business moving such as drive-by closings.
Watch CNBC’s video to learn more.
Related Stories
Quality Matters
Better Attic Insulation: Simple Solutions for 4 Common Problem Areas
Home builders generally do a good job with blown-in-place attic insulation but should take care with these common trouble spots to ensure a better insulation job and greater home energy efficiency
Jobsite Safety
Excavation and Trench Safety Best Practices for Construction Jobsites
Trenching and excavating are two of the most dangerous activities in the construction industry. Know the risks and the corrective measures you should take on your jobsites to ensure crew safety
New-Construction Projects
Builders Pause New Projects as Home Sales Slow, but Experts Say the Time to Build Is Now
Regional builders are holding off on new construction projects as buyer demand dips, but experts worry that delayed development will add to a decades-old housing shortage
