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How Are Interest Rate Increases Affecting Construction?
Manage episode 395000203 series 3549667
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The guys talk about how interest rates are affecting the construction industry. As Jeff explains, one major effect of rising interest rates is a shift from single-family home construction to mult-family construction. People would rather lease during times of high interest than be saddled with a high interest mortgage. Rising interest rates and falling home sales also affect things like contractors' ability to acquire or rent equipment, and the ability to fund new projects.
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