Home prices in March saw highest growth in over 15 years, S&P Case-Shiller says

[BobTheSubgenius]

6. The shortage of materials is making the prices of them go CRAZY!

1000 square feet of framing lumber (I didn't even know it was sold that way) is now around $1500 Cdn. The framing package for a 2000 square foot house is right around $200,000.

I was offered $650,000 for the lot my house is built on, and the framing and foundation are nowhere near the total cost of building. So, you're at $850,000 before you put on siding and start finishing the interior.

How can people be managing this??? There are two new 2400 square foot houses across the street from me....not finished yet, but projected to go for $1.6 million each.

My sil is building 3 projects in Alabama right now. Could NOT refuse the money he was offered, so southward he went. They are falling behind because they can't get heavy equipment operators for love or money. He phone back home to WNY to talk to some that he knows there, offering them air fare, hotel and $100 an hour. No takers. ZERO!!!!