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What 2020 new home construction could tell us about the 2021 remodeling season

from Home Advisor

What 2020 new home construction could tell us about the 2021 remodeling season Home Advisor COVID-19 has impacted every part of the economy and new home construction is no exception. April annual rates tracking the new home construction process fell across the board, with new home completions dropping to 1.2M, new home permits dropping to 1.1M, and new home starts dropping to 891K. These numbers mean month-over-month decreases of 8%, 20%, and 30% respectively, which track the underlying nature of each one of these discrete parts of home construction, and their sensitivity to a big economic shock like a global pandemic. READ MORE

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