Yeah, with raw material costs going up across so many industries, the cost of a home will definitely go up. Lumber alone has added tens of thousands of dollars to the cost of a house and the builders can't/won't absorb that. I talked to the GM for a large Alberta homebuilder yesterday about this. He says that most builders have sold off the bulk of their houses in inventory and going forward they will now have to pass on all these cost increases from the various suppliers.
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