New House Construction Supply Chain Mess

The inventory of new single-family houses that home builders put on the market for sale rose to 389,000 in October, the highest since September 2008, according to data from the Census Bureau.

Houses for Sale, Highest since 2008, as Construction Costs Spike Most in 42 Years, Projects Stall — https://wolfstreet.com/2021/11/27/whats-behind-the-huge-pile-up-of-new-houses-for-sale-highest-since-2008-as-construction-costs-spike-most-in-42-years-and-projects-stall
Does anyone else see a problem here?

2 thoughts on “New House Construction Supply Chain Mess

    • Yes. Obviously lots of inventory but at high prices with the cost of materials and labor skyrocketing. If you are a buyer and have a fixed price contract I’d be wary of the builder cutting corners. If you have a house currently under construction expect delays and possibly not getting what you originally agreed to at contract signing. I see the whole bubble nearing its bursting point.

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