Latest News

Homebuilder Comments in December: “Still a ton of demand for new homes"

0

by Calculated Risk on 1/11/2022 12:21:00 PM

Today, in the Calculated Risk Real Estate Newsletter: Homebuilder Comments in December: “Still a ton of demand for new homes”

A brief excerpt:

Some homebuilder comments courtesy of Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting (a must follow for housing on twitter!):

Here is Rick’s summary of builder comments for various markets (emphasis added in bold):

Home builder survey results are in for full month of December. Top themes: 1) Still a ton of demand for new homes. 2) Rampant construction material & labor shortages. 3) Bit of chatter on possible margin compression several quarters ahead. Market commentary to follow…

#Atlanta builder: “Have virtually no available inventory & huge backlog of 1,000+ units going in to 2022. Still metering sales in most communities, where the demand of waiting buyers still outnumbers our supply.”

#LasVegas builder: “Busiest orders for December I can remember in a long time.”

#Charlotte builder: “Haven’t seen this hot of a new homebuilding market in 27 years in Charlotte. Reminds me of the go-go days in the late 1980’s right before the S & L’s (Savings & Loan Crisis) rocked my new homebuilding world in Southern California.”

There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/

Missing Workers by Age Group

Previous article

Homebuilder Comments in December: ‚ÄúStill a ton of demand for new homes”

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News