This week during our Outlook Webinar: COVID-19 Update – The Housing Market, Senior Managing Principal, Tim Sullivan, and Chief Economist, Ali Wolf, provide real-time updates on how the coronavirus pandemic continues to impact our economy and the residential construction industry.
Civil unrest becomes visible nationwide with unknown impacts to COVID-19 cases and the economy
Effects of COVID-19 continues to be felt in the housing industry with pending home sales off 34% as of May, and an increase in delinquent property taxes
The U.S economy is anticipated to recover slowly for many reasons, including: Consumer Spending has contracted -21.6% YOY and 87% of executives’s indicate significant challenges due to COVID
Unemployment Rates continues to rise with~ 41M people filing for unemployment claims
16% of builders reported an-increase in-cancellation despite May being an overall good month