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Rising materials prices are becoming a bigger and bigger issue in real estate.

In a May 2021 survey for the NAHB/Wells Fargo Housing Market Index (HMI), 90% of builders report shortages of appliances, framing lumber and OSB. And Marcus & Millichap’s John Chang, in a recent investor outlook video, said that materials prices have skyrocketed this year, with lumber up by 90% and steel and copper up 50%. Overall materials are 17.2% over the norm.

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