Construction Costs on The Rise Again

Over the past several weeks, construction prices have climbed about 10% as the combination of a weak dollar and high crude oil prices filter their way through the economy. The weak dollar and global demand has caused base materials products to increase thereby causing an upswing in building material prices. High fuel prices further compound the problem by naturally increasing the cost to transport the goods.

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Comments

Jordan Crouch May 20, 2008

Another thing that is hurting new construction is the rising cost of debt. As rates rise, the debt service is lowering the allowable loan amount. With costs rising and loan sizes shrinking, developers are being asked to bring more equity to the table.

new construction illinois August 14, 2008

do you think this is justifiable?

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