{"id":20064,"date":"2022-02-11T16:04:52","date_gmt":"2022-02-11T16:04:52","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20064"},"modified":"2022-02-11T16:06:09","modified_gmt":"2022-02-11T16:06:09","slug":"supply-chain-continue-slowing-home-construction%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/","title":{"rendered":"Supply-Chain Continue Slowing Home Construction"},"content":{"rendered":"\n<p>Supply-Chain Woes Continue Slowing Home Construction<\/p>\n\n\n\n<p>Building material prices, production bottlenecks, and&nbsp;labor shortages will continue to dampen&nbsp;the pace of construction and affect&nbsp;home prices this year, economists told a crowd at the 2022 International Builders\u2019 Show in Orlando.<\/p>\n\n\n\n<p>Building material costs have surged 21% compared to a year ago. Further, more than 300,000 job openings went unfilled in the construction industry in December 2021. The National Association of Home Builders estimates that the residential construction sector will need to add 740,000 workers a year to keep pace with the industry\u2019s growth, retirements, and departures.<\/p>\n\n\n\n<p>Compounding matters further, inflation and interest rates both are on the rise. Economists predict the 30-year fixed-rate mortgage will edge closer to 4% by the end of the year.<\/p>\n\n\n\n<p>\u201cHigher mortgage rates combined with rising construction costs and a lack of construction workers will increase affordability headwinds in the year ahead,\u201d said Robert Dietz, chief economist of the National Association of Home Builders.<\/p>\n\n\n\n<p>As such, NAHB is predicting modest single-family growth in 2022; single-family starts are expected to rise by&nbsp;1%&nbsp;to 1.13 million units. Builders, however, predict starts to decrease by 1% in 2023 to a 1.12 million rate.<\/p>\n\n\n\n<p>Still, \u201cwhile single-family growth slows in 2022 and 2023 and returns to a long-term trend, production will still be 26% higher than in 2019,\u201d Dietz said.<\/p>\n\n\n\n<p>On the other hand, multifamily starts are expected to rise 6.3% compared to 2021. Construction activity on apartment and condo buildings is expected to accelerate due to low vacancies and rising rents. Source:&nbsp;\u201c<a rel=\"noreferrer noopener\" href=\"https:\/\/nahbnow.com\/2022\/02\/housing-affordability-will-remain-a-significant-challenge-in-2022\/\" target=\"_blank\">Housing Affordability Will Remain a Significant Challenge in 2022<\/a>,\u201d National Association of Home Builders (Feb. 8, 2022)<\/p>\n\n\n\n<p>\u00a9National Association of REALTORS\u00ae<br \/>Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supply-Chain Woes Continue Slowing Home Construction Building material prices, production bottlenecks, and&nbsp;labor shortages will continue to dampen&nbsp;the pace of construction and affect&nbsp;home prices this year, economists told a crowd at the 2022 International Builders\u2019 Show in Orlando. Building material costs have surged 21% compared to a year ago. Further, more than 300,000 job openings went &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-20064","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Supply-Chain Continue Slowing Home Construction - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction\ufffc\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/supply-chain-continue-slowing-home-construction%ef%bf%bc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/supply-chain-continue-slowing-home-construction%ef%bf%bc\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Supply-Chain Continue Slowing Home Construction\",\"datePublished\":\"2022-02-11T16:04:52+00:00\",\"dateModified\":\"2022-02-11T16:06:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/supply-chain-continue-slowing-home-construction%ef%bf%bc\\\/\"},\"wordCount\":270,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/supply-chain-continue-slowing-home-construction%ef%bf%bc\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/supply-chain-continue-slowing-home-construction%ef%bf%bc\\\/\",\"name\":\"Supply-Chain Continue Slowing Home Construction - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Supply-Chain Continue Slowing Home Construction - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction\ufffc\/","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Supply-Chain Continue Slowing Home Construction","datePublished":"2022-02-11T16:04:52+00:00","dateModified":"2022-02-11T16:06:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/"},"wordCount":270,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/","name":"Supply-Chain Continue Slowing Home Construction - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","isPartOf":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website"},"datePublished":"2022-02-11T16:04:52+00:00","dateModified":"2022-02-11T16:06:09+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/supply-chain-continue-slowing-home-construction%ef%bf%bc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.anthonydidonato.net\/wordpress\/"},{"@type":"ListItem","position":2,"name":"Supply-Chain Continue Slowing Home Construction"}]},{"@type":"WebSite","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website","url":"http:\/\/www.anthonydidonato.net\/wordpress\/","name":"Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","description":"Properties and Real Estate for Sale","publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/www.anthonydidonato.net\/wordpress\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","url":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","contentUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","caption":"admin"},"logo":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg"},"description":"For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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