Friday, 27 April 2018 03:45

Why US Housing Prices May Surge

Written by
Rate this item
(1 Vote)

(Atlanta)

There are a lot of investors worried about the US housing market at the moment. As rates rise, and a potential recession looms, some think housing could falter. On the flipside, however, it is often considered that home supply is low and demand is high, which has been pushing up prices and shows no signs of abating. Now, there is another factor to consider—US building materials prices are surging. Everything from lumber (up 16%) to insulation is jumping in price. Homebuilders say that despite the rise in costs, they have been able to offset the increases by hiking their prices, which they say consumers have been willing to pay.


FINSUM: The appetite for homes and new construction seems very strong at the moment, and certainly good enough to carry the market for a while yet.

Contact Us

Newsletter

Subscribe

Subscribe to our daily newsletter

Top
We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…