Builders Report Coronavirus a 'Major Impact' on Buyer Traffic
A new, weekly survey of single-family home builders and other NAHB members confirmed the coronavirus is having a significantly adverse effect on their businesses. Among several key aspects, a drop in prospective buyer traffic was, by far, the most widespread issue caused by the illness.
Other top areas survey respondents noted as having been negatively impacted in either a major or minor way include:
- Supply of N95 respirator face masks
- Time to obtain a plan review
- Supply of building products and materials
- Amount buyers are willing to pay for a new home
- Time it takes a local building department to respond to an inspection request
- Willingness of workers and subs to report to a jobsite