The coronavirus is hammering the nation’s homebuilders, with 96 percent saying the pandemic is having at least some effect on the number of prospective buyers.
Eighty-seven percent of builders say clients are cancelling or delaying existing remodeling projects, and 80 percent say it is taking longer to get a plan review for a single family home, according to the National Association of Homebuilders survey.
The survey found a greater percentage of workers in the Northeast have been reluctant to report to a construction site. Eighty-seven percent of respondents in the Northeast said they’ve seen reluctance from workers, compared to 85 percent in the Midwest, 74 percent in the West and 70 percent in the South.
This result is based on 256 responses collected online between March 31 and April 6.