{"id":20342,"date":"2022-04-25T14:14:56","date_gmt":"2022-04-25T14:14:56","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20342"},"modified":"2022-04-25T14:14:58","modified_gmt":"2022-04-25T14:14:58","slug":"new-home-projects-jump-47","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/new-home-projects-jump-47\/","title":{"rendered":"New-Home Projects Jump 47%"},"content":{"rendered":"\n

New-Home Projects Jump 47%<\/p>\n\n\n\n

New-home buyers are having a long wait for their homes to be done. Labor shortages and global supply chain bottlenecks are delaying the completion of many new-home construction projects. The number of housing units that were authorized but didn\u2019t start construction yet rose by 47% nationwide from 2019 to 2021, according to a new analysis by LendingTree researchers. The delays were most prominent in the Northeast, where delays more than doubled.<\/p>\n\n\n\n

\u201cThough homebuilders have tried to keep up with demand for housing, numerous setbacks including rising labor and raw material costs have prevented them from actually breaking ground on many of the projects,\u201d says Jacob Channel, LendingTree\u2019s senior economic analyst. \u201cThis has exacerbated the lack of housing available on the market and put upward pressure on home prices.\u201d<\/p>\n\n\n\n

Building Delays, High Prices Slow New-Home Construction<\/a><\/p><\/blockquote>\n\n\n\n

The headwinds are coming at a time when new-home construction has been in demand among home buyers who have been frantic to find greater housing inventory. The number of housing units authorized by building permits jumped 25% from 2019 to 2021, according to LendingTree\u2019s data.<\/p>\n\n\n\n

\"A<\/figure>\n\n\n\n

\u201cDespite these difficulties, the news isn\u2019t all bad for homebuilders,\u201d LendingTree researchers note in the study. \u201cEven if rising mortgage rates weaken buyer demand and labor and supply issues persist, homebuilders will likely have plenty of opportunities to construct and sell new housing units as the year progresses. And though the road ahead may be bumpy, that doesn\u2019t mean it won\u2019t ultimately be rewarding for many of those in the construction business.\u201d Source:\u00a0\u201cStalled Construction Projects Up 47% Nationwide Since Pre-Pandemic, Even as Home Constructions Rise<\/a>,\u201d LendignTree (April 19, 2022)<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u00a9National Association of REALTORS\u00ae
Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"

New-Home Projects Jump 47% New-home buyers are having a long wait for their homes to be done. Labor shortages and global supply chain bottlenecks are delaying the completion of many new-home construction projects. The number of housing units that were authorized but didn\u2019t start construction yet rose by 47% nationwide from 2019 to 2021, according … <\/p>\n

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-20342","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":"\nNew-Home Projects Jump 47% - 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\/new-home-projects-jump-47\/\" \/>\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\\\/new-home-projects-jump-47\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-projects-jump-47\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"New-Home Projects Jump 47%\",\"datePublished\":\"2022-04-25T14:14:56+00:00\",\"dateModified\":\"2022-04-25T14:14:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-projects-jump-47\\\/\"},\"wordCount\":280,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-projects-jump-47\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/4.21.2022_construction.png?itok=0DbC0qu5\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-projects-jump-47\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-projects-jump-47\\\/\",\"name\":\"New-Home Projects Jump 47% - 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