In 2022, homebuilders faced many unforeseen challenges that threatened their business significantly.
By the end of the year, demand for new construction had dropped significantly due mainly to rising interest rates and expensive financing.
Obtaining materials also became more costly, with lumber prices increasing by an astronomical 142%, leading to major financial setbacks for building companies.
With their resources strained and many projects put on hold, businesses had to take drastic measures to stay afloat financially. As a result, many firms downsized their staff or reduce wages to remain competitive in this challenging economic environment.
In 2023, homebuilders must look for ways to reduce costs while still delivering quality results.
Fortunately, there are now several cost-saving innovations available that can help homebuilders save time, money, and effort.
In this blog post, we’ll look at new cost-effective options for homebuilders and in-demand building trends to cut costs without sacrificing quality.
Census Economic Indicators
- New orders for manufactured goods in October, down following two consecutive monthly increases, decreased $8.1 billion or 1.3 percent to $604.8 billion.October 2025: -1.3° % ChangeSeptember 2025 (r): +0.2° % Change
- New orders for manufactured durable goods in October, down following two consecutive monthly increases, decreased $6.8 billion or 2.2 percent to $307.4 billion.October 2025: -2.2° % ChangeSeptember 2025 (r): +0.7° % Change
- U.S. total business end-of-month inventories for September 2025 were $2,670.0 billion, up 0.2 percent (+/- 0.1 percent) from last month. U.S. total business sales were $1,947.5 billion, virtually unchanged (+/- 0.1 percent)* from last month.September 2025: +0.2 % Change in InventoriesAugust 2025 (r): 0.0* % Change in Inventories
- U.S. retail and food services sales October 2025 were $732.6 billion, virtually unchanged (+/-0.5 percent)* from the previous month.October 2025: 0.0* % ChangeSeptember 2025 (r): +0.1* % Change
- Not seasonally adjusted after-tax profits for retail corporations with assets of $50 million and over were $53.5 billion for the third quarter 2025 (the 3 months ending October 31, 2025), down $7.1 (+/- 0.5) billion from second quarter 2025 (the 3 months ending July 31, 2025).3rd Qtr 2025: -7.1 Billions of Dollars2nd Qtr 2025 (r): +15.9 Billions of Dollars