Austin builders are starting a lot of new homes. Finishing them is not so simple.
https://www.kut.org/austin/2022-07-13/au...ew-homes-finishing-them-is-not-so-simple
For much of the pandemic, the homebuilding industry has endured delays because of supply chain issues: One month builders can’t get door handles. The next, it's door hinges, windows and refrigerators. And now this shortage has converged with another: a lack of employees. Like other industries, construction companies are straining to keep workers. The result? The time between starting a house and finishing it is longer than usual — and perhaps longer than ever.
But finishing these homes quickly also feels more urgent than ever. As rising mortgage interest rates have made homebuying more expensive, fewer people are lining up to bid for homes. Builders want to get these houses on the market before interest rates go up again and more people are locked out of homebuying.
Untangling this mess, one builder said, is delicate.
“It's like a big, knotted ball of yarn,” said Tammy Schneider, vice president of sales and marketing at Brookfield Residential. “You have to figure out, 'What string can I pull, or where can I start to unknot it and not make the knot worse or more difficult to get?'”