Comments on: Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates
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 PolicyMon, 25 Jul 2022 15:54:09 +0000
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By: Thomas W Harris
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 +0000https://eyeonhousing.org/?p=32108#comment-1980277I’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.
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By: Wayne Dawson
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 +0000https://eyeonhousing.org/?p=32108#comment-1979778Your housing data is a great indicator of where is and is headed. I look forward to reviewing your info.
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