May 10, 2021 | Inflation Boom
Steve Saretsky Steve Saretsky is a Vancouver residential Realtor and author behind one of Vancouver’s most popular real estate blogs, Vancity Condo Guide. Steve is widely considered a thought leader in the industry with regular appearances on BNN, CBC, CKNW, CTV and as a contributor to BC Business Magazine. Steve provides advisory services to banks, hedge funds, developers, and various types of investors.
Inflation is picking up, this is particularly the case for commodities. Commodities jumped to their highest in almost a decade as a rebound in the world’s largest economies stokes demand for metals, food and energy. The Bloomberg commodity index is now up a whopping 50.54% from last year, and 20% year to date.
Regulatory costs increase new home prices
Jason Walsh/FOX 17
The National Association of Home Builders announced almost a quarter cost of new homes is tied to regulatory fees at all government levels.
and last updated 2021-05-07 17:26:41-04
PORTAGE, Mich. â The
National Association of Home Builders announced almost a quarter cost of new homes is tied to regulatory fees at all government levels.
One West Michigan builder said it doesn t stop there, even if you re buying an older home.
About 23% of the cost of a new home is tied to regulatory fees, meaning on a $300,000 house around $71,000 goes to pay those fees.
The supply chain problem has widespread consequences, especially for industries that need lumber. Author: Alma McCarty Updated: 12:38 AM EDT May 6, 2021
ALAMANCE COUNTY, N.C. The supply chain problem has widespread consequences, especially for industries that need lumber.
Since April 2020, lumber prices have soared 200 percent, according to the National Home Builders Association. The supply is low and the demand is high. Small businesses are feeling the ripple effects.
Tom Morgan said his furniture building business all started around nine years, when his wife saw a post of a wooden bench on Pinterest. She asked my son and I if I could build it, and I was like, of course, I have a couple tools, I could make it. It took three days, but it turned out really cool!, he said.
Illinois and Iowa Quad Cities housing markets impacted by skyrocketing lumber prices
Lumber is up 250 percent compared to last year. The National Home Builders Association estimates that it costs $36,000 more to build a new single-family home. Author: Andrea Flores Updated: 6:39 PM CDT May 4, 2021
BETTENDORF, Iowa As the housing market heats up and prices rise across the country, it s also getting more expensive to build a new home.
One of the key materials needed for home construction is lumber, and the price of that good is up 250 percent. The National Home Builders Association estimates that the price is build a new single-family home is up $36,000.