Remember the housing market crash during the Obama years? Well, you'll want to hear this 👇
(twitter.com)
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In the summer of 2019, the houses in one of the subs I contract in started at 350k and went up to 550k. They now start at 550 and go to 750k. Exact same houses. Its no wonder that these guys have only built 6 this year and 4 of those sit unsold. Usually they are sold before they even break ground.
Another builder of mine has houses that start around 250 or 300 that 15 years ago were starter homes you could have built for 125 or so. But the price point is still right for this market and he has built 60 or 70 this year. Thank God for this guy or I wouldnt have had much work this summer. As it is I struggled to get a pared down crew 40 hours every week. Most summers I have double the crew size and 60 hours arent enough to keep up.