Latest posts by Randolph Taylor (see all)
- Reach One Million Buyers - February 15, 2020
- Top Reasons to Sell Investment Properties - February 14, 2020
- The Dangers of Selling Commercial Property Too Late - February 11, 2020
Multifamily developers don’t know what to expect when it comes to budgeting for materials prices.
Apartment developers continue to be stressed by the unpredictable cost of construction materials.
Overall, materials prices keep rising faster than inflation. But what’s worse is that prices for individual construction materials are unpredictable from month to month. The price of lumber and diesel fuel has fallen sharply, for now. But new policies from the U.S. government continue to jolt the markets, from possible sanctions on oil-producing countries like Venezuela to government tariffs on imported steel. Continue reading “Volatility in Construction Materials Pricing Is Putting Strain on Multifamily Developers”
Robust housing demand spurred by steady job gains and wage growth ticked up the home-ownership rate by 60 basis points to 64.3 percent at the end of 2017. The increase was driven by a 220-basis-point advance in the home-ownership rate for those under age 35 to 36.4 percent. Though it is encouraging that this age group is actively purchasing homes, young adult home ownership remains below its pre-recession rate of 40 percent, indicating there is still room for improvement.