Jax Posted June 21 Report Share Posted June 21 10 hours ago, Vambo said: "We had a better regulatory environment three or four years ago. We had this boom after COVID, people were looking to buy new homes and our industry was doing great," National Association of Home Builders (NAHB) CEO Jim Tobin said Wednesday on "Varney & Co." "The challenge we have now… inflation is absolutely the driver," he continued. "People are pulling back from the marketplace because they don't want to have a seven-handle on a mortgage, especially when they're sitting on a 3% or 4% mortgage. "That's the No. 1 killer of the marketplace right now." Very true, I'm considering moving but it's not the best time to do so. When I built my home, it was cheaper to do so than buy used. Material cost is astronomical now and that alone has doubled to build. I couldn't afford to build the same house now even though I make more money, in fact, even though my property value has increased almost 100%, it's still cheaper than building new. 2 Quote Link to comment Share on other sites More sharing options...
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