Intro: There are various factors which have led to the low housing situation we’re seeing across the nation. One of the leading causes was the major disruption to the global supply chain in 2020. 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 materials. For more information on how this impacted the housing market, check out the below graphic.
Graphic created by New City Moving, a long distance moving company.