https://eyeonhousing.org/2022/07/single-family-starts-fall-to-two-year-low-on-higher-construction-costs-and-interest-rates/ National Association of Home Builders Discusses Economics and Housing Policy Mon, 25 Jul 2022 15:54:09 +0000 hourly 1 https://eyeonhousing.org/2022/07/single-family-starts-fall-to-two-year-low-on-higher-construction-costs-and-interest-rates/#comment-1980277 Mon, 25 Jul 2022 15:54:09 +0000 https://eyeonhousing.org/?p=32108#comment-1980277 I’ve been in the home building business since 1973. I’ve been thorough all types of building cycles. People today don’t realize that they have been living in an artificial money market. 6% mortgages were great for years and are probably the norm that we are heading to. I’ve built homes with 18% mortgages. We are heading for a dip in the market that will be severe. The rising interest rates along with the greedy lumber mills has exacerbated costs. I see congress blaming builders for rising costs. When a single ceiling joist costs $100 and a sheet of osb costs $50 a builder cannot absorb the costs.

]]> https://eyeonhousing.org/2022/07/single-family-starts-fall-to-two-year-low-on-higher-construction-costs-and-interest-rates/#comment-1979778 Sun, 24 Jul 2022 17:46:06 +0000 https://eyeonhousing.org/?p=32108#comment-1979778 Your housing data is a great indicator of where is and is headed. I look forward to reviewing your info.

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