Winston-Salem real estate agent Jason Bragg can’t remember the last time he saw a home market as hot as North Carolina’s is right now.

“I had a listing two weeks ago where we had over a hundred showings —everybody lined up for a few days,” he said. “The average home sells in a week or less — it’s pretty common for people to put their house on the market and receive multiple offers.”

One of the most unexpected effects of the COVID-19 pandemic has been its impact on housing in the United States. Shortages of homebuilding materials due to factory shutdowns and other supply chain disruptions have made the price of lumber and other supplies soar to record highs — if they’re available at all.

According to a May survey from the National Association of Home Builders and the Wells Fargo Housing Market Index, 90% of builders reported shortages of framing lumber,…

Read more…


Comments are closed.