Article of the Week from UPFINA
As we have been discussing for about 3 quarters, the US housing market is on fire. COVID-19 spurred on the demand originally created by demographics. This trend was already going to occur anyway. Lower rates and the need to move out of cities accelerated the trend; home builders weren’t ready. This is too good of a market for homebuilders although commodities such as lumber have increased substantially making housing raw materials cost more.
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