LK Marketing and Real Estate

Normal spring increases in sales activity, coupled with relaxing COVID-19
policies, created a very busy March real estate market as buyer demand
continued largely unabated in the face of rising home prices and mortgage
rates. Existing home seller and new construction activity continue to remain
below levels necessary to bring the market back into balance, pointing to a
busy and competitive buyer market in the coming months.

While many homebuilders are working to increase their activity, the cost of
lumber and other materials and a backlogged supply chain continue to limit
new home construction and have increased costs substantially. New methods
of construction, including 3d printed homes, could speed construction and
reduce costs in the future, but realistically are several years away from making
a measurable impact in the market.