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Construction costs JohnnyC 05-09-2008
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Posted by Red Green on May 9, 2008, 11:00 pm

>> What are you guys seeing to construction costs in your part of the
>> country
> ?
>> Are they coming down at all due to the lousy economy?  I want to put
>> an addition on the house am wondering if now is the time to pull the
>> trigger
> on
>> it.
>>
>> I am in the northeast.  Thanks.
>
> Labor you might get a deal, but dont forget material prices will be
> going alot higher for a long time, 125 a barrel oil has to filter its
> way down the chain.

Has to??? Have you bought anything lately that has trucks involved in
delivery to consumers...namely anything? $4.20 a gal for deisel in NC.

> Who knows, plan on utilites doubling as fast as
> they are allowed to raise prices, we may be in just the start of a
> crash. High energy will break alot of folks with real hurt only
> starting to impact everyone with electric rate and next winters NG
> price increases


Posted by Phisherman on May 9, 2008, 2:06 pm

>What are you guys seeing to construction costs in your part of the country?
>Are they coming down at all due to the lousy economy? I want to put an
>addition on the house am wondering if now is the time to pull the trigger on
>it.
>
>I am in the northeast. Thanks.
>


I just got my renewal home insurance statement. It is up 15% from one
year ago. The letter "justified" the increase due to cost of
materials. I guess my $200K home would cost $230 to rebuild it, and
then it would still be a $200 house. Insurance companies... the
necessary evil!

Posted by Edwin Pawlowski on May 9, 2008, 10:56 pm

> What are you guys seeing to construction costs in your part of the
> country? Are they coming down at all due to the lousy economy? I want to
> put an addition on the house am wondering if now is the time to pull the
> trigger on it.
>
> I am in the northeast. Thanks.


Labor is not any cheaper, but it is more available and you can get the best
of the trades. Material cost have been rising and I doubt they will be any
lower than right now. Being in cold country, I'd build with ICF's
(insulating concrete forms) to keep heating costs down now and for the life
of the house.



Posted by buffalobill on May 10, 2008, 6:13 am
> What are you guys seeing to construction costs in your part of the country?
> Are they coming down at all due to the lousy economy? I want to put an
> addition on the house am wondering if now is the time to pull the trigger on
> it.
>
> I am in the northeast. Thanks.

if the addition is to store more collected clutter, there may be an
easy "no" in your future.

Posted by Moo on May 10, 2008, 8:44 am

> What are you guys seeing to construction costs in your part of the
> country? Are they coming down at all due to the lousy economy? I want to
> put an addition on the house am wondering if now is the time to pull the
> trigger on it.
>
> I am in the northeast. Thanks.
>
>
Pull the trigger
http://money.cnn.com/2008/03/10/real_estate/build_home.moneymag/?postversion=2008031218


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