In the realm of real estate, the two major players determining the market’s trajectory are prices and inventory. A recent analysis from Yahoo Finance issues a stern warning: America is in dire need of more housing. This has profound implications for the construction industry, where the reluctance to build new houses on speculation is palpable […]

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One of the most frequently asked questions in the construction realm pertains to the process of obtaining a building permit and, indeed, whether one is required at all. Different types of work fall under distinct permit requirements, and understanding this landscape is crucial. In this guide, we’ll delve into the intricacies of building permits, using […]

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Business owners, entrepreneurs, and contractors alike often find themselves in need of protecting their interests and the interests of their clients. Surety bonds and insurance policies are two of the most common ways to do this, but it’s important to understand the differences between them. In this article, we’ll be taking a look at the […]

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How long does it take to get a building permit approved? A few weeks ago, we wrote an article about what’s really behind the housing crisis and how time-consuming permitting is a major inhibiting factor. After this article, several readers wrote to confirm this. Coincidentally, a local newspaper in San Fransisco ran an investigative report […]

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Here’s yet another example of a lumber mill reducing its output because of pricing. Canfor, which is one of the largest Candian lumber mills, is reducing their production called curtailments because the price of lumber out the door has dropped significantly. In some cases, they can’t produce the lumber profitably for the price that the […]

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In the ever-evolving landscape of the building industry, one viewer sparked a discussion on capitalizing on the ongoing labor shortage. The question posed was whether there’s a way to leverage the scarcity of skilled labor by obtaining certifications in specific trades. The individual shared their personal experience of building an Accessory Dwelling Unit (ADU) on […]

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How much of a salary do you need to buy a median-priced home in the US? In 2022, the median home price in the US was around $400,000. You might be surprised at how much you’ll need to earn to afford an average home in the US.  According to this article from Yahoo, an analyst […]

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The tumultuous journey of lumber prices continues to be a topic of interest and concern for many in the construction industry. As we delve into the intricacies of the current market, it becomes apparent that a multifaceted interplay of factors is at play, leading to a scenario where some mills are implementing curtailments – a […]

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Here’s the real reason why home pages are as high as they are… No, it’s not about interest rates or corporate greed, it’s not about anything other than there is a shortage of homes. Millions of housing units are needed in the US, but many cities have costly entry barriers hidden in their permit policies […]

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Interest rates have spiked upwards of 7% and home prices have gone up with it. With inflation, price increases, supply chain problems, and materials increases, buyers can’t afford the selling prices of new construction homes anymore. How are builders responding to this? They’re halting construction for new single-family homes, according to an article by the […]

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