But as NAHB economist Natalia Siniavskaia points out in a recent Eye On Housing blog post, it's largely due to the rising prices of labor and materials, which are outpacing the increasing cost of lots. (nahbnow.com)
If you say, «Well, if there's a lot of pressure on the demand for labor, the price of labor goes up,» that seems to me like about the best economics you can get. (cnbc.com)
A look at past inflation makes clear that the price of «things» has been falling steadily while the price of labor intensive «services» has been increasing. (nfib.com)