Here’s a short review of residential building costs. Most people associate rising residential prices with their own real estate market. But just as people tend to look at rising gasoline prices as an isolated event, most observers tend to see residential construction costs as being influenced by relatively few variables. But if you dig deeper, you’ll find that residential construction cost growth is influenced by many factors. Some of these factors are easy to identify, while others are more subtle. A few of these factors may surprise you.
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