Uncle Timmy said:Well, I've never quoted myself before but I wanted to follow up on that comment from last January.
It indeed looks like some of the prices for construction are coming down.
As anticipated, the subcontractors are getting a little bit hungry for the first time in several years, and are starting to bid competatively. I am hearing some numbers for framing, for example, down to 60% of what they were a year ago. Material costs are still up, and will probably remain so for a while, but at least we are begining to see labor costs come down.
It will be a while before I can give a more definative "overall" idea of where construction costs are going.
I agree, Mr. IBD is in construction and he has told me that subs are calling him wanting to know if they are starting a new house soon. They are needing work....I wish I was in the position to start building now b/c I am sure that there is some good labor for cheaP.. Subs have also "made a killing" by charging outrageous prices for their work, and many times it is shabby work.