- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Some 1.543 million homes are currently under construction (single- and multi-family units)
Posted on 2/17/22 at 9:51 pm to Street Hawk
Posted on 2/17/22 at 9:51 pm to Street Hawk
So another housing bubble. Got it.
Posted on 2/17/22 at 9:55 pm to 9001
quote:
So another housing bubble. Got it.
Yes this very well may be true this time. Material costs are way too high and with rates going up might leave a ton of these new construction homes unfinished or unsellable just like in 2008
Random length lumber futures have been going up pretty consistently all year. For like 8 years prior to Biden, it hung around $350'ish. It is currently, around $1300 which is still shy of last year's $1700 but 4 times what we are used to.
Throw in how high petro is, and considering how many products are oil-based for new construction, you have now priced a ton of people out of being able to afford even the most basic DSLD home.
Now we are going to have to raise rates to fight inflation. It's going to get ugly IMO
Popular
Back to top
Follow TigerDroppings for LSU Football News