For builders, inflation continues to be a MAJOR issue!

By | January 27, 2022

Residential Construction Costs Continue To Soar!

Courtesy of Wolf Street (a great blog to subscribe to!)…

‘…Construction costs of single-family houses spiked by 17.5% year-over-year in December, according to separate data from the Census Bureau today. This was the worst spike in the data going back to 1970. Compared to two years ago, construction costs are up 23.5%. These construction costs exclude the cost of land and other non-construction costs…’

Read the entire article here, https://wolfstreet.com/2022/01/26/construction-costs-spike-17-5-worst-since-at-least-1965-inventories-of-new-houses-pile-up-highest-since-2008-median-price-dives-as-mix-shifts/.

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But if you’re lucky enough to find a home that you can afford, take a proactive look at the title insurance portion of the transaction, this incredibly important piece of ANY residential or commercial real estate purchase!

To examine the title costs for that New York residential property, using the free Hallmark Abstract Service Title Bill App you can do just that by clicking here and registering for free, https://hallmarkabstractllc.titlecapture.com/login.

If you want to understand more about title insurance and title insurance providers, please read the article…

‘Are New York Title Insurance Providers All The Same?’ here, https://www.hallmarkabstractllc.com/new-york-title-insurance/.

Hallmark Abstract Service…You Buy, We Protect!

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