The 2021 Housing market had an incredible year. The market was hot with record low interest rates, response from the global pandemic, and homeowners with increased savings from the government shut downs. We explore some of the key data from 2021 compared to previous years to show what changed in the home building industry. First,…
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One of the biggest issues facing the construction industry is the lack of trained, skilled workers. This started during the 2008 recession when about half of the skilled labor force in the home building industry found themselves out of work because their company folded. Without steady work, these painters, carpenters, masons, tile experts, and others…
The housing market in Wisconsin is booming with less than 4.2 months of inventory on the market. A typically healthy market has 6 months of inventory. Low supply has fueled a 6% increase in the median sale price. Reports of multiple offers on the first day of listings, with accelerator clauses and personal letters selling…
When searching for a lot, or piece of land, you make initially find the ideal spot: remote area, scenic vibes, close to nature and a community. What many site-developers don’t anticipate, however, are the unexpected, sometimes unpleasant costs associated with land improvement after closing a deal. Even developers who purchase large land tracts with the…