Submitted by thebaerfetus t3_10dowfz in vermont
Key-Understanding770 t1_j4ni8m5 wrote
Reply to comment by escobert in So buying is unaffordable...what about building? by thebaerfetus
Framing materials are back to pre-pandemic levels. All other sub-trades continue to see price increases. Labor cost is higher due to demand and lack of new (young) labor coming into the trades. Couple that with high development costs in Vermont along with an energy code that continues to drive up costs. There is no affordability for new homes. Without permit reform and a streamlined process the cost of building won’t come down.
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