Great information. Thank you, The need for new construction trumps interest rates currently. 7+ % rates have not effected the small builders like us in southeast VA on the sell side however it has caused headaches on the construction to perm side of the transaction.
Housing permits are currently at recession levels, particularly in apartments. Single-family permits are still far from peak levels of this expansion, but builders have adjusted their workforce to more suitable current levels.
Price adjustments must occur at scale and over a substantial duration to truly influence CPI and PCE data. This explains why the inflation data in 2018 and 2019 did not show significant breakout trends.
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Great information. Thank you, The need for new construction trumps interest rates currently. 7+ % rates have not effected the small builders like us in southeast VA on the sell side however it has caused headaches on the construction to perm side of the transaction.
Housing permits are currently at recession levels, particularly in apartments. Single-family permits are still far from peak levels of this expansion, but builders have adjusted their workforce to more suitable current levels.
@ we have. Also, the process in which I build I need roughly 75% less workforce.
I was an avid stamp collector, you’re speaking my language for 2025.
Ernest Rutherford is smiling
It’s from the words of the President elect and top economist says differently. We will see.
Price adjustments must occur at scale and over a substantial duration to truly influence CPI and PCE data. This explains why the inflation data in 2018 and 2019 did not show significant breakout trends.