Construction in the US

Heard earlier on NPR, builders are hitting a wall. Inflation, higher rates and buyers drying up the construction industry across much of the US just turned from great to bad.

…the construction industry across much of the US just turned from great to bad.

Not sure NPR has visited Boston lately. Maybe Boston is not “much of the US”.

We were in South Boston to attend a Jackson Browne concert (he can still sing) last week. We know Southie like the back of our hand having lived and loved in that area of Boston for the past 40+ years.

We got lost following Apple Maps because the roads / highways had all been recently changed. The construction at a number of sites was continuing still at 11PM when we got out of the concert. There are more cranes in the air than you can count on two hands.

Didn’t look like the construction industry was hurting in Boston for sure…

'38Packard

38,

Historically Boston and San Francisco do not have down turns.

This might be different. The only reason if people can work remotely demand pressure will come off the Boston market. With the financing changing now suddenly in a sense this hypothesis will be put to the test.

I have sisters who say the same as you. But one is seriously considering selling her second property.