1718: REAL Construction Costs & Supply Chain Disruptions with Venveo's Zach & Beth
Creating Wealth Real Estate Investing with Jason Hartman
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Show Notes
There's a shortage of everything going on in the world today. And even when some things are available, another part of the supply chain is clogged and we can't get the parts we need. Nowhere is this truer than the construction industry.
Jason Hartman is joined by Venveo's Zach and Beth to discuss what's actually happening with the supply chain and how long we can expect this to continue. The 3 discuss the 4 L's of construction, a shift in attitude toward manufacturing houses, how the pandemic has impacted the way people are buying, and more.
Key Takeaways:
[3:29] Is the market really cooling off?
[8:23] What the RHPI is telling us (Real House Price Index)
Zach & Beth Interview:
[16:16] Prices of materials coming down doesn't mean savings for the consumer
[20:00] Some operators haven't seen supply chain issues but have been able to capitalize on the moment and increase their margins
[22:42] Labor shortages in construction is not a new thing
[26:40] Home starts are increasing
[30:12] Homeowners are becoming much, MUCH more educated about how their homes are built
[33:03] Are supply shortages going to be a continuing thing moving forward?
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