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PulteGroup Chief Financial Officer Robert O’Shaughnessy recently said in a call, “Driven primarily by increases in lumber and labor, our house costs will be higher in 2021.”
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Navigating the Challenges of Commercial Lending in Today's Market Explore the current challenges in commercial lending, focusing on market trends, interest rate fluctuations, and the role of technology in enhancing financial processes.
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Spike in Wood Costs Pushes Home Prices Higher
The cost of new homes is feeling upward pressure due to soaring lumber prices. Softwood lumber, which is normally used in house frames, almost doubled between April 2020 and January 2021, according to the Department of Labor’s producer price index. So reports BankRate.com.
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