With lumber prices skyrocketing, skilled labor in short supply and new limits on state and local tax deductions already raising the effective cost of homeownership, a rise in short - term interest rates will force even more potential buyers to the sidelines.
Not exact matches
Contractors are already grappling
with higher
prices on key materials for construction projects like diesel fuel, steel, copper, wallboard, and
lumber, said Ken Simonson, chief economist for the Association of General Contractors, a lobbying group
with about 26,000 members which also includes suppliers.
«Given that home builders are already grappling
with 20 percent tariffs on Canadian softwood
lumber and that the
price of
lumber and other key building materials are near record highs, this announcement by the president could not have come at a worse time.
Howard urged Ross to work
with his Canadian counterparts to craft an equitable long - term solution to the trade dispute that would ensure an adequate supply of
lumber to the U.S. marketplace at a reasonable
price.
Thanks to the Giulia's high purchase
price and 189g / km CO2 emissions, you'll also be
lumbered with an # 800 first year car tax rate, and # 450 annual VED charges for the following four years.
At the same time, U.S. trade officials have started arguments
with several of the country's largest trading partners, driving up
prices for materials like
lumber and steel.
Although builders are struggling
with shortages of labor and lots, as well as higher
lumber prices, market conditions on balance remain favorable, and we expect solid growth in the 55 - plus housing sector.»
Not too impressed
with their
lumber - I buy mine at the local small - town supplier & it is bee - yoo - ti - ful, same
price.
«Rising material
prices, particularly
lumber, along
with chronic shortages of buildable lots and skilled labor are putting upward pressure on home
prices and impeding a more robust housing recovery.»