Taylor Morrison CEO Sheryl Palmer Recognized With 2021 Hearthstone BUILDER Humanitarian Award
Under Palmer s leadership, passion to serve others is engrained in homebuilder s philosophy
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SCOTTSDALE, Ariz., May 6, 2021 /PRNewswire/ A builder s commitment to use their resources and team members talents to uplift our communities a responsibility which became even more important in 2020 as the pandemic laid bare the insecurity faced by so many Americans is more vital today than ever. With a passion for public service, Taylor Morrison (NYSE: TMHC) Chairman and CEO Sheryl Palmer is being recognized for such efforts with the 2021 Hearthstone BUILDER Humanitarian Award in the Big Builder category.
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As Lumber Prices Spike, Homebuilders Assume the Spotlight Once More May 3, 2021
The last couple of years have witnessed a continuing boom in the U.S. housing market, as homebuyers have scrambled to find new domiciles. As it becomes increasingly difficult to find existing homes, potential buyers are turning to new construction in record numbers.
There has been a mammoth transition in the housing market as a result of the dearth of existing homes available. A quarter of the homes for sale are now newly built, the highest percentage ever recorded. Now, prices for both new and existing homes are at historic levels.
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First is a major shift in the market s composition due to the record shortage of existing homes available. About 1 in 4 homes for sale are now newly built, the highest share ever. Historically new homes make up about 1 in 10, but fierce buyer competition is behind that shift. Prices for new and existing homes are at record highs.
But it is not just competition fueling prices for new homes. The cost of what goes into the home is adding to it as material and land prices surge.
Lumber prices seem to set a new record almost daily, now up 67% this year and up 340% from a year ago, according to Random Lengths, a wood products industry tracking firm. And lumber doesn t just go into framing a house. Those added costs hit cabinets, doors, windows and flooring.