Tag: Residential Construction
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Wait time for new homes increases
The timeline for new home construction is becoming noticeably longer in many parts of the country. This slowdown comes at a time when new homes are in high demand as the inventory of available homes for sale shrinks to a historic low. Almost two years of supply chain disruptions prompted by the COVID-19 pandemic caused… Read More
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Minneapolis Fed survey reveals growing complications in construction
The overall construction environment for the region remains a challenging one. In the Minneapolis Federal Reserve’s latest survey of construction organizations in their ninth district, construction firms reported that while revenue trends remain positive, overall challenges are growing and concerns are increasing. The survey revealed that while construction firms expect more cancellations this year, they… Read More