New Report: Mounting Inflation Slows Construction

Rising building material and labor costs may finally be deterring homeowners from making home renovations.

And despite a decrease in the volume of remodel activity, homebuilder confidence persists, according to the BuildFax Housing Health Report.

CLICK HERE to see are additional findings below from report:

  • The outlook for 2022 amid inflation and the persistent housing shortage
  • Causes of a 2.87% decrease in remodel projects and 9.39% increase in costs
  • Challenges considering the backlog of housing starts

 

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