There are numerous factors which have led to the low housing situation we’re seeing across the country. A leading cause was the major disruption to the global supply chain in 2020. As countries across the globe shut down to stop the spread of COVID-19, production and shipment of many goods was significantly delayed, including lumber and other manufacturing supplies.
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. Contact trusted residential movers north charleston sc for help in moving services.
For more info, check out the below graphic.
Graphic created by New City Moving, short notice movers in Chicago.
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