Story at a glance

  • The coronavirus pandemic initiated a surge in the housing market as people looked into changing their living situations.
  • Construction continues to struggle to keep up with the housing demand, facing shortages in both labor and materials.
  • The report found the number of new permits issued authorizing future constructions increased by 4 percent in October from the previous month, while the physical work beginning on new constructions decreased by 0.7 percent.

As demand for new houses has continued to grow, the physical construction of new houses in the United States decreased in the month of October.

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According to the latest report from the U.S. Census Bureau, while the number of new permits issued authorizing future constructions increased by 4 percent in October from the previous month, the physical work beginning on new constructions decreased by 0.7 percent.

The coronavirus pandemic initiated a surge in the housing market as people looked into changing their living situations. The market remains hot, creating hurdles for many prospective buyers. 


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Construction continues to struggle to keep up with the housing demand, facing shortages in both labor and materials. The increased demand drove the prices of materials, such as lumber and steel, skyrocketing earlier this year, and the effects are still being felt even as numbers begin to fall, complicated by the supply chain crisis

Issues with housing exist, not only with new constructions but with established homes as well.

A report by Redfin found that over the span of four weeks, ending Oct. 17, one-third of the houses in more than 400 metropolitan areas had gone under contract within one week after being listed.


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Published on Nov 19, 2021