Builders are Struggling to Keep Up With COVID-Era Demand

Low interest rates and rising interest in lower-density markets have left many builders unable to build enough new homes to meet demand, according to an article from the Miami Herald. Robert Dietz, chief economist for the NAHB, noted that the gulf between homes sold and homes started had widened by 69% from one year earlier in November. And according to data from Zonda, 30% of builders reported that new-home starts are taking “weeks longer” than usual, while 6% reported that they are “months” behind on new starts relative to sales.

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