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Record boom in house construction in America for the first time since 2006, last year there was a shortage of 38 lakh houses | अमेरिका में 2006 के बाद पहली बार मकान निर्माण में रिकॉर्ड तेजी, पिछले साल 38 लाख मकानों की कमी

Record boom in house construction in America for the first time since 2006, last year there was a shortage of 38 lakh houses | अमेरिका में 2006 के बाद पहली बार मकान निर्माण में रिकॉर्ड तेजी, पिछले साल 38 लाख मकानों की कमी
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Supply Chain Shortages Expected To Continue Into 2022 For Some Products

By: Johnny Resendiz TULSA, Oklahoma - The COVID-19 pandemic has affected supply chains across the country, making it harder for you to get the supplies you need. According to the National Home Builders Association, the price of lumber in the U.S. has increased more than 200 percent. The American Pet Products Association also said there will be a shortage of pet food that will carry into 2022. Oklahoma State University supply chain professor Theodore Washington said the shortages we are facing are unlike anything the country has seen before. I can t think of any time in history where a supply chain network has been impacted at this magnitude because there s never been a point in time where we have been so interconnected as a society, Washington said.

Innovative Award-Winning Responses to America s Housing Crisis Announced

Innovative Award-Winning Responses to America s Housing Crisis Announced
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Building material prices continue to rise with no end in sight

Whether it be homeowners, contractors or hardware stores, everyone is feeling the spike in the cost of lumber. The pandemic spurred home improvement projects or people buying houses, which has led to price increases for materials. For lumber, those price increases land in the ballpark of 250% according to various estimates. That then affects anything that has to deal with wood, from your do-it-yourself home improvement project to matching the high demand for housing. The National Homebuilders Association estimates the spike has added $35,872 to the price of an average single-family home in the past year. So what led to this? There are a number of factors, including tariffs, wildfires and labor demands. But one notable challenge was the demand increase came just as sawmills were temporarily closed because of the pandemic.

Robert Backer: April 2021 Housing Market Statistics

Robert Backer: April 2021 Housing Market Statistics Wednesday, May 12, 2021 - by Robert Backer, president, Greater Chattanooga Realtors April continued the hot-housing streak for local home sales another month. This busy spring market continues to see many multiple offer situations driving sales prices above asking price. By the time a sale closes, the market may have already moved higher than that sold price suggests.    This type of market can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase. While housing affordability remains an area to watch as prices continue to rise, strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring and into summer.

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