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Jessica Brewer
jbrewer@zondahome.com

In The News

Associated Press “Builders grapple with land shortage, soaring lumber costs”

Mar 22, 2021

U.S. homebuilders are poised to benefit this spring homebuying season amid strong demand, low mortgage rates and an all-time low inventory of previously occupied homes for sale. But soaring lumber prices and a shortage of construction-ready land could limit their ability to capitalize on the strong housing market trends, analysts say.

Ali Wolf, Chief Economist at Zonda, forecasts that new U.S. home sales will rise 5% this year over 2020. That would be a far slower pace of growth than the nearly 20% jump last year from 2019.

Read more about what our Chief Economist Ali Wolf had to say on APNews.com

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