New home cost, will be escalation very rapidly, thru the remainder of 2013 thru 2020.
The days of deflation are pretty much over. Material suppliers have had to increase prices as a result of their reductions in volume and increased energy cost in manufacturing.
Here is the actual home building cost in the South East U.S. from three competitive proposals taken in the first quarter of 2013, This Excludes land cost, and permitting.
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