Storm Clouds on the Horizon After Strong Start to 2022

Monthly Briefing

Profits | Relationships | Knowledge

April 2022 Volume XVII, Issue 4

By Charles C. Shinn Jr., PhD

Founder, Builder Partnerships

Although the housing industry began 2022 very strong, there are storm clouds on the horizon. Rising mortgage interest rates and soaring home prices will have an impact on demand. In mid-April—for the first time in over a decade—mortgage rates averaged 5.0%, and the national median listing price recently hit a record $405,000.

Strong Start to 2022

Total housing starts for the first two months of the year are up 12.2% over the same period last year. Single family starts have increased 7.3% and multifamily starts registered a 23.6% expansion. The multifamily sector of housing has remained strong with very low vacancies and increasing rental rates.

It is our pleasure to announce this year’s winners of the Builder Partnerships Achievement Awards. We congratulate the winners for their dedication to excellence and continuous improvement.

Builder of Choice Award

Atlantic Builders, Fredericksburg, Virginia (6-time winner)

Brookline Homes, Belmont, North Carolina (2-time winner)

San Joaquin Valley Homes, Visalia, California

Schuber Mitchell Homes, Joplin, MO (2-time winner)

Employer of Choice Award

Baessler Homes, Greeley, Colorado (2-time winner)

Brookline Homes, Belmont, North Carolina

Deadline to Participate in Financial Study is April 30, 2022

"It's crucial we collect performance information for 2021 to measure the impact of the challenges the housing industry experienced last year."

~Emma Shinn

After the tough decision to postpone the Executive Summit in 2021, we’re happy to report the Executive Summit was back this year and better than ever! We are grateful to all of the attendees, speakers, and sponsors who helped make the 2022 Executive Summit a big success.

“Most notable to me this year was the optimism from the group despite the many challenges everyone is facing,” said Emma Jane Wildermuth, vice president of consulting and educational services at Shinn Consulting. “The atmosphere was upbeat and there was a sense of no boundaries as we explored creative solutions to issues confronting the industry.”

For nearly 60 years, Monarch has proven to be a trusted name in new home construction. Our products offer affordability to builders, yet go above and beyond the standards for energy efficiency, egress requirements, durability, operation, maintenance, and ease of installation.

Why Monarch?

Ease of Use – All of our products work together as part of interchangeable Egress system making installation easy & limiting service callbacks.
Availability – Monarch products are available though our nationwide distributors.
Value – Our high-quality products provide the ability to double the marketable living space for a fraction of the cost of above grade construction.

The Superintendent's Job

October 6-8, 2022

Chicago, IL

Managing for

Profit

October 10-12, 2022

Chicago, IL

Production Management

October 19-21, 2022

Denver, CO

Atlantic Builders has announced a $100,000 grant toward the mission of Homes for HOPE, building on their inaugural donation of $25,000 at the end of 2021! They have established an annual tradition of building a “Give Back Home” where their trusted trade partners and suppliers donate or discount their services on a build which increases the profit margin on the resulting sale of the home. Atlantic Builders then takes the funds generated by the sale and donates them to multiple local charities in addition to Homes for HOPE.