Shipping Container Costs and the Direct Impact on Real Estate Prices.
Just when you thought there would be some relief in home prices with lumber costs coming down from the record 52 week high of $1711 to a current cost of $622. Buyers were feeling hopeful that they would see home prices balance and gain some control back in the rapid seller’s market. Well unfortunately this is not the case, if only it were that easy. With the extreme supply shortages the Building Industry has been facing and with the labour cost increases we are far from out of the woods on this one.
The last thing anyone was probably anticipating was the unbelievable costs increases in shipping. Companies are reporting historically a shipping container cost averaging from…
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