The Rise of Robot Construction Workers Today, a couple of very concerning articles have surfaced, particularly for those involved in the construction industry. One such article graces the front cover of Forbes Magazine, a major business publication. It sheds light on a Boston-based company, Suffk Saoke F S U Fol L K, which is pioneering […]

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So, what is demand destruction, and how does it relate to inflation and the economy? This term is making frequent appearances in the news, often tied to rising inflation and gas prices. The Impact on Consumer BehaviorDemand destruction occurs when increasing prices lead consumers to purchase fewer goods and services. Take the example of rising […]

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Monthly housing costs constitute the largest expense for most individuals, whether they are homeowners, renters, or prospective buyers. Predicting future housing costs is crucial for financial planning. An article from The Wall Street Journal sheds light on the trajectory of housing prices, both in terms of home purchase prices and rental lease costs. Challenges for […]

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All we hear about is lumber prices. It’s still an issue, affecting construction costs. Even though lumber prices have gone down, it’s creating a ripple effect. Some mills are not producing as much due to lower prices. Employment costs, regulatory costs, insurance, and raw material acquisition costs have all gone up. Impact on Lumber YardsAt […]

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Many of the difficulties faced by contractors and builders are longstanding, contributing factors to the housing problem. A recent article in The Atlantic sheds light on these issues and offers insights into the future of housing. The Real Cause of HomelessnessBuried within discussions of mental health, substance abuse, and crime lies a simple yet crucial […]

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The Challenge of Subcontractor AvailabilityThe Wall Street Journal sheds light on a persistent issue in the construction industry: the scarcity of available subcontractors, particularly in skilled and licensed trades such as electricians, plumbers, and HVAC technicians. Unlike uncertified trades, these professions often require specific licenses, sometimes involving extensive apprenticeships before obtaining a license. Industry Backlogs […]

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Conflicting Information Amidst the BuzzSo, is the new construction industry going up or down? We’ve seen a lot of conflicting information. There are news stories that say new homes are on fire, while a lot of people say maybe it’s going to crash. Let’s delve into the details. Shift Towards Newly Built HomesThis article from […]

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Real Estate Records as Public DocumentsReal estate transactions raise questions about the accessibility of records. Are real estate transactions public records, and what about closing statements and accessory documents? Real estate records, by definition and law, are public documents. This includes deeds, mortgages, and liens, all of which are accessible to the public. These records […]

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The Appeal of Resale HomesWhen inventory is low and finding a resale house seems like an arduous task, it’s essential to consider all options. Resale homes, though previously owned, often come with unique advantages. Considering new constructionWhile resale homes have their merits, new construction offers its own set of advantages and considerations. When deciding between […]

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The Future Outlook for Home Builders and Contractors1. Interest Rates Drop and Production Ramps Up: A Potential Boom?Home builders and contractors are witnessing a surge in volumes as interest rates drop. Various sources report an increase in production, particularly for single-family homes, fueled by the availability of 30-year mortgages. Some industry experts suggest that this […]

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