Agreed. Prices might fall relative to the wackiness of Covid peaks that were hit in the past year or so, but the long term trend will be for prices to outpace inflation unless a building spree hits due to demographic changes.
A bright light I'm seeing is that material costs have largely fallen back to pre-covid levels. There are a few bits that are expensive or hard to obtain (windows), and the labor market is still aging. But still, the cost to build in many areas has fallen dramatically.
A bright light I'm seeing is that material costs have largely fallen back to pre-covid levels. There are a few bits that are expensive or hard to obtain (windows), and the labor market is still aging. But still, the cost to build in many areas has fallen dramatically.