Back in 2020 countries shut production down to stop the spread of COVID-19 and shipments were delayed. With these necessities either too scarce or costly, construction on new homes practically came to a halt. A lack of skilled workers played a role in fewer homes being built in 2020 and through 2022 as well. The construction of these new homes is vital as there aren’t enough existing single-family homes to meet demands.
Graphic created by New City Moving, a provider of moving services.