The CEO also explained the rates of homes are going to surge to the tune of at least thousands of dollars. Howard then revealed the longer delays happen due to backed-up ports, the more frequently higher costs will be passed along to home buyers.
Already, there are records of individuals paying triple and quadruple the amount of original asking prices for homes. This could get even worse, the longer supply chain problems persist. Howards maintains this “looming crisis” won’t do the economy any favors, either.
No real answers from the Biden administration
Amid this pressing crisis, Americans have understandably looked to the Biden administration for answers and solutions; however, these are non-existent with the current leadership in the White House.
During a speech, Biden claimed letting truck motorists work during odd hours with fewer people on the road could end the supply chain crisis. Meanwhile, the Transportation Secretary declared consumer demand for goods is driving this predicament. This false claim took a lot of heat from conservatives.
