Statistics Point to Delay in Increased Home Construction

According to, the rising prices of commodities, plus the glut of homes on the market with prices falling, will stem the tide of new home construction for several more years.  Compared to a year ago, the price of lumber is 17 percent higher, copper is up 32 percent, and oil has increased 36 percent. T he National Association of Home Builders (NAHB) 2009 Construction Cost Survey says these three categories make up 35 percent of the construction costs of a new home.  With the profit margin at nine percent, builders have very little room for error.

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