It does seem that builders are going with more mid- to
upper-price ranged homes. This article
is a national snapshot, but
there’s no doubt that the increase in material and labor costs and the shortage
of skilled tradesmen is having an effect.
And vacant land prices are rebounding, too.
I’ve seen build jobs routinely go over the estimate and
small, local builders can find it challenging to get construction loans for
their clients, although that is getting better, too. How much is one reason and how much
another? I’m not sure it really
matters.
I believe that a lot of folks are still not confident in the
economy even though the major indicators are looking good, interest rates are
staying low (for now), and the stock market is doing very well. What are your thoughts?
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