Rising Construction Costs Indicate Long Road Back to Affordability

As inflation and economic challenges continue to put pressure on the housing construction industry, rising construction costs may point to continued affordability challenges for homebuyers, according to the latest data. The Producer Price Index (PPI) from the Bureau of Labor Statistics released last week found that construction costs for single-family homes were up by 3.2%…

The post Rising Construction Costs Indicate Long Road Back to Affordability appeared first on RISMedia.

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