Homebuilders are reporting shorter construction timelines and fewer supply-chain issues as they deal with a drop in demand for new houses, according to a survey of homebuilders by John Burns Real Estate Consulting. Homebuyers seeking to build their own home may soon find the construction process takes less time and money, a process that may have already begun to stabilize the reeling market for new houses.
A nationwide survey of homebuilders in August by John Burns Real Estate Consulting found that price cuts are beginning to work, providing a moderate boost to sales even as builders have finally had time to make progress on construction timelines. Rick Palacios, the firm’s director of research, shared these insights and some select comments […].
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