We conducted a Residential Home Construction Industry Survey for ECI to gauge the challenges faced by home builders in the past few years, and their predictions for the foreseeable future. As stated in the article “Between increased demand for single-family homes and lack of materials to meet those demands, home builders were faced with obstacles that were oftentimes out of their control. According to the survey, four out of 10 (43%) builders admitted that demand outpaced their organization’s ability to meet it at some point in 2021. But despite a myriad of challenges, most home builders (55%) built more homes in 2021 than the previous year, the survey found.” The study took place in January 2022, and 300 U.S. residential home builders took part.
Read the full article on ECI Solutions or HBS Dealer.