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Builders have to weigh whether to accept smaller profit margins, eschew some projects altogether or, in the case of affordable housing, seek more money from public funding sources to complete those jobs. CLICK ON THE HEADLINE FOR MORE
The pandemic propelled a mass migration of city dwellers to the suburbs, hungry to buy homes. And that surge in demand has driven new home prices up by 12 percent since March 2020. Great, right? Except construction costs have jumped as much as 30 percent in the same period. CLICK ON THE HEADLINE FOR MORE
Brian Sudduth, a senior vice president of Miller Construction Company, expect owners and developers will see a continual upward trend in construction costs—but that’s not all he’s predicting. CLICK ON THE HEADLINE FOR MORE