Memes of stacked shipping containers, and log-jammed container ships, etc. notwithstanding, construction and real estate's workflows, construction cycle, and value chain mean people are the essential resource.
What-if? The question few housing business stakeholders care to factor into their forecasts right now is what happens when -- not if -- interest rates spike?
In Capitol Hill hearings, surging corporate private equity investment in residential real estate -- particularly into single-family rental portfolios -- gets the third degree
P4 -- a fourth revision to 2021 budget and operational forecasts -- needs to reflect shifts from tailwinds to headwinds before 'actuals' start comping to booming 2020 measures.
As constructus interruptus disrupts building cycles, privately capitalized operators hold little leverage for continued access to lines of credit, construction-to-perm loans, and project financing.
For those whose livelihoods stem from work producing homes in the housing crisis, each area of expertise looks through his or her own lens, and each assigns a different weight of importance to forces that impact that cost curve.
Markers of buying power short-circuiting include a sudden scarcity of below $300k new homes, and a drying up of ready-to-occupy spec inventory. Interest rates had better damned well not go up.