usctrojancpa
Well-known member
This was a very interesting article from CNBC.
https://www.cnbc.com/2021/05/18/hom...iggest-drop-since-pandemic-hit-heres-why.html
Seems like the significant material input increases are starting to effect builders in a negative way, not to mention the labor shortage of contractors. If this spreads to Orange County and Irvine, expect to see more upward pressure to home prices as new home buyers get pushed into the resale market.
https://www.cnbc.com/2021/05/18/hom...iggest-drop-since-pandemic-hit-heres-why.html
Seems like the significant material input increases are starting to effect builders in a negative way, not to mention the labor shortage of contractors. If this spreads to Orange County and Irvine, expect to see more upward pressure to home prices as new home buyers get pushed into the resale market.