Hearing the ins and outs directly from a local remodeling contractor
Houses are expensive, and that’s not just hyperbole, there's data behind it. According to the Federal Reserve, the average price of a new home in 2020 was $377,700. Today, that number is $532,600. That is a 41% increase in five years. Material costs have stabilized, but they are up significantly. Labor costs are up, and so are interest rates. As a result, Americans are staying in their homes longer ...