Increased Pricing, Construction Costs and Location Affect Increases

May 8, 2017 Seth Welborn

A recent housing report showed new construction increased in some of the country’s major metropolitan areas during the first quarter of this year. Much of this increase appears to be driven by increased housing demands and decreased supply. However, higher prices, rising construction costs and proximity to where consumers want to be are impacting just how much of an increase can be realized.

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