{"id":7636,"date":"2017-12-28T00:00:00","date_gmt":"2017-12-28T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/builders-warn-materials-are-in-short-supply\/"},"modified":"2017-12-28T00:00:00","modified_gmt":"2017-12-28T00:00:00","slug":"builders-warn-materials-are-in-short-supply","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/builders-warn-materials-are-in-short-supply\/","title":{"rendered":"Builders Warn Materials Are in Short Supply"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"38.702247191011\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"26.112359550562\"><!--paging_filter--><\/p>\n<p>A shortage of <a href=\"https:\/\/amazingproperty.com.ng\/blog\/discover-the-top-construction-materials\/\">building materials<\/a> is becoming a pressing problem for many of the nation\u2019s homebuilders. Twenty-one percent of single-family builders reported a shortage of framing lumber, according to the 2017 National Association of Home Builders\/Wells Fargo <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Housing<\/a> Market Index. Builders also reported a shortage in ready-mix concrete and trusses.<\/p>\n<p>The NAHB notes that the last time there was a shortage of framing lumber was in October 2004, when the annual rate of housing starts was around 2 million. Currently, housing starts are at about 1.1 million.<\/p>\n<p>Further, the rising share of builders reporting shortages in framing lumber is coinciding with recent increases in prices for softwood lumber. The shortages likely stem from an ongoing softwood lumber trade dispute between the U.S. and Canada, the NAHB says.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_dec\/Builders%20chart.jpg\" style=\"width: 620px; height: 667px;\"\/><\/p>\n<p><em>Source: \u201cTop Posts: Builders Starting to Report Shortages of Framing Lumber,\u201d National Association of Home Builders\u2019 Eye on Housing blog (Dec. 26, 2017)<\/em><\/p>\n<p>\u00a0<\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/JBhI_Xeqf7w\/builders-warn-materials-are-in-short-supply\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A shortage of building materials is becoming a pressing problem for many of the nation\u2019s homebuilders. &hellip; <a title=\"Builders Warn Materials Are in Short Supply\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/builders-warn-materials-are-in-short-supply\/\"><span class=\"screen-reader-text\">Builders Warn Materials Are in Short Supply<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7637,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[12908,543,344,3833,41,818,479],"class_list":["post-7636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-housing","tag-housing-market","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/Builders%20chart.jpg?fit=1046%2C1125&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5739,"url":"https:\/\/amazingproperty.com.ng\/blog\/nahb-builder-shortage-is-getting-worse\/","url_meta":{"origin":7636,"position":0},"title":"NAHB: Builder Shortage Is Getting Worse","author":"Amazing Property","date":"August 15, 2017","format":false,"excerpt":"The inventory of for-sale homes has struck a 20-year low.\u00a0And while economists and the public cry for more inventory, many builders are pressed to meet demand. A labor and subcontractor shortage in the building industry has worsened over the past year, according to the National Association of Home Builders\/Wells Fargo\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"NAHB_labor-shortages.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/NAHB_labor%20shortages.png?fit=687%2C729&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/NAHB_labor%20shortages.png?fit=687%2C729&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/NAHB_labor%20shortages.png?fit=687%2C729&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1477,"url":"https:\/\/amazingproperty.com.ng\/blog\/why-new-homes-are-about-to-get-pricier\/","url_meta":{"origin":7636,"position":1},"title":"Why New Homes Are About to Get Pricier","author":"Amazing Property","date":"March 1, 2017","format":false,"excerpt":"[ad_1] With the cost of building materials jumping 25 percent year over year, according to the National Association of Home Builders' NAHB\/Wells Fargo Housing Market Index, builders are increasingly concerned about how this will affect home buyers in the new-construction market. In 2016, builders ranked the cost of building materials\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3704,"url":"https:\/\/amazingproperty.com.ng\/blog\/more-homeowners-tackle-renovation-projects\/","url_meta":{"origin":7636,"position":2},"title":"More Homeowners Tackle Renovation Projects","author":"Amazing Property","date":"April 21, 2017","format":false,"excerpt":"Homeowners are sprucing up their properties and undertaking more remodeling and repair projects, according to a recent study. The Leading Indicator of Remodeling Activity, released by the Joint Center for Housing Studies at Harvard University, shows an annual growth in home improvement and repair expenditure this year that will remain\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3867,"url":"https:\/\/amazingproperty.com.ng\/blog\/buyers-rushing-toward-new-construction\/","url_meta":{"origin":7636,"position":3},"title":"Buyers Rushing Toward New Construction","author":"Amazing Property","date":"April 26, 2017","format":false,"excerpt":"Sales of newly built single-family homes increased for the third consecutive month, posting a strong showing to the spring selling season, the Commerce Department reported Tuesday. Single-family new-home sales rose 5.8 percent in March to a seasonally adjusted annual rate of 621,000 units. \u201cThe March sales numbers are the second\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8059,"url":"https:\/\/amazingproperty.com.ng\/blog\/could-the-inventory-crunch-worsen\/","url_meta":{"origin":7636,"position":4},"title":"Could the Inventory Crunch Worsen?","author":"Amazing Property","date":"February 7, 2018","format":false,"excerpt":"Housing permits, a gauge of new-home activity, slipped in the final quarter of 2017, which could worsen a housing shortage already shaking many markets across the country. Single-family permits are running at only 56 percent of normal activity, according to the National Association of Home Builders\/First American Leading Markets Index.\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nahb Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAHB-chart.png?fit=709%2C522&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAHB-chart.png?fit=709%2C522&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAHB-chart.png?fit=709%2C522&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAHB-chart.png?fit=709%2C522&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6005,"url":"https:\/\/amazingproperty.com.ng\/blog\/living-in-a-post-harvey-houston-lessons-we-can-learn\/","url_meta":{"origin":7636,"position":5},"title":"Living In A Post-Harvey Houston: Lessons We Can Learn","author":"Amazing Property","date":"August 30, 2017","format":false,"excerpt":"This morning, the Navy, the Coast Guard, and the Sherriff's Department, among others, were using helicopters to conduct air rescues of people and pets that remain trapped in waterlogged Houston, swooping in to pluck them off of rooftops in the wake of Hurricane Harvey. This, while numerous government agencies, rescue\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"hurricane-harvey-rescue-3-ap-jt-170827_4x3_992.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/hurricane-harvey-rescue-3-ap-jt-170827_4x3_992.jpg?fit=992%2C744&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/hurricane-harvey-rescue-3-ap-jt-170827_4x3_992.jpg?fit=992%2C744&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/hurricane-harvey-rescue-3-ap-jt-170827_4x3_992.jpg?fit=992%2C744&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/hurricane-harvey-rescue-3-ap-jt-170827_4x3_992.jpg?fit=992%2C744&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7636"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7637"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}