NEW YORK - Some Americans who have been priced out of the tight residential real estate market are turning to prefabricated homes, helping to power a nascent recovery in sales of a far less expensive home-buying option.
Unlike homes built on site, Abramson said factory-built homes don't require nearly as much on-site labor and don't face the project cost-escalations common to "stick-built" houses. Most modular construction factories are concentrated in the Mid-Atlantic and Southeast, where modular market share outpaces the national average of 2%, said Devin Perry, executive director of business improvement programs at the NAHB.
‘The situation is dire’: Nearly two-thirds of potential homebuyers would welcome a recession if it meant lower mortgage rates — but here’s what they’re missingOTTAWA -Canadian market participants expect the Bank of Canada to start cutting its key policy rate from a 22-year high of 5.00% in April 2024, a month later than the previous forecast, according to a survey released by the central bank on Monday. The survey showed a median of 27 financial participants expect interest rates to drop to 4.
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