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Monday, November 08, 2021

Homebuilder Comments in October: “Builders are lifting sales caps"

by Calculated Risk on 11/08/2021 02:43:00 PM

Today, in the Real Estate Newsletter: Homebuilder Comments in October: “Builders are lifting sales caps"

Excerpt (much more in newsletter):

Some homebuilder comments courtesy of Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting (a must follow for housing on twitter!):
#Dallas builder: “Due to a large number of sales in 2021, we’ll have declines in 2022. This is due to land availability. Huge number of communities coming online in 2023. Supply chain issues are getting worse & have spread to land development.”.

#Seattle builder: “Sales & closings in 2022 will be negatively impacted by limited supply of lots being delivered to the market in early 2022 with recovery in late 2022. No demand impacts are forecasted to impact sales or closings in 2022.”

#Atlanta builder: “We pulled so many extra sales & starts into 2021 that we're going to be severely short on vacant developed lots in the first half of 2022, hence the huge projected slowdowns in sales & starts in 2022.”
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