Building Market Intelligence

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The Light: The Rich, Frustrated, and “Locked In” Turn to Remodeling

Building material prices have risen 23% over the last year according to production builders, in part due to a surge in remodeling driven by 3 primary conditions: rich homeowners, a few “trade-up” homes readily available, and rising mortgage rates.

The Light: As Remote Work Continues, So Does Migration

As COVID restrictions ease and the great resignation continues (and perhaps even accelerates), more companies are opting to allow permanent work from home in order to keep their talented people. As a result, buyers and renters will continue to move to desirable areas where they can get more house for their money.