The gains will continue to attract the attention of investors looking to take advantage of tax breaks, a study says.
A rising number of homes are permitted but have not yet started construction. Builders point to supply chain woes and labor shortages as the culprit.
A record number of homebuilders are reporting a shortage of workers—everything from carpenters and painters to electricians.
Investors are at the highest level since at least 2015, and first-time home buyers are finding themselves up against them in bidding wars.
An amenities race is taking root among businesses in the hopes to attract workers. They’re offering perks such as golf simulators and wine tastings.
“For residential construction to expand and housing affordability to increase, more skilled building trade workers must be recruited," a report says.
Shrugging off pandemic threats, the sector saw record sales and values in the third quarter.
Delays for desktop PCs and other equipment are also slowing down workers coming back to the office.
Larger, more expensive markets are regaining popularity over smaller, more affordable areas, according to a major housing index.
A Miami condo collapse in June raised questions about the stability of home and condo foundations. Advise clients to heed these warnings.
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