What to expect from homebuilders in 2023

By Dale Oviatt posted 12-20-2022 05:21 PM

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Built’s Chris Boyd talks to HousingWire about new construction trends for 2023

It’s fair to say that 2022 has been a depressing year for homebuilders. After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. All the while, builders continued to face supply chain issues, labor shortages and wild fluctuations in material costs.

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