Quote:
Originally Posted by Love2Swim
If the economic news turns out to be true i.e. trade wars, the prices of new homes could go up even more due to higher cost of materials, which could make re-sales more attractive.
|
Quote:
Originally Posted by Wiotte
The only material I see increasing in our new house construction would be Canadian lumber. Drywall, concrete block, asphalt shingles, windows, doors, wiring etc. are domestically produced.
|
According to a recent CNBC report, lumber is currently selling a record highs. During the last 12 months, it has added $7,000-9,000 to the cost of building a house.
Regarding the cost of resales, they will also rise. The attractiveness of the selling prices will depend on the awareness of the sellers.