MarketWatch (October 19)
“More home builders are cutting prices on new houses even as their construction costs increase, as buyers flee the housing market.” Excluding the pandemic, “buyer traffic to newly built homes” slumped to the lowest levels since 2012. “The average price cut was 6% for the seventh month in a row, and 65% of builders were also using incentives to boost sales.”
Tags: 2012, Boost, Buyers, Construction costs, Home builders, Housing market, Incentives, Newly built homes, Pandemic, Prices, Sales
San Francisco Chronical (May 27)
“State Farm, California’s largest property and casualty insurer as of 2021, stopped issuing home, business and casualty insurance policies in the state Saturday, citing wildfire risks and rising construction costs…. The state has suffered increasingly massive and destructive wildfires in recent years, leading to scarcer and more expensive insurance policies in wildfire-prone zones.”
Tags: Business, California, Casualty, Construction costs, Destructive, Home, Insurer, Massive, Policies, Property, Rising, Risks, State Farm, Wildfires
