National Association of Home Builders
The second week of NAHB’s online survey showed that several effects of the coronavirus on the residential construction industry have become more widespread and severe. Once again, traffic ranked as the most widespread problem, with 93% of respondents saying the coronavirus has had an adverse impact on traffic of prospective buyers.
This result is based on 318 responses collected online between March 24 and March 30. As in week 1, the largest share of responses came from single-family home builders; and respondents were most often owner, president or CEO of their companies. The geographic distribution was somewhat different in week 2, however, with a greater share of responses coming from the Northeast and West Census regions.
The week 2 survey listed eight areas where the coronavirus could be taking its toll on businesses, and asked each respondent if these have so far had a major, minor or no adverse effect on their business.
