It could take up to 5 years to come into full effect, from my skim of the article. So, as revolutions in housing go, this is slow-burn.
Needed, won't fix housing next month or even next year.
Sometimes I wonder if a state went out and bought the input supply stocks (wood, particleboard, roofing materials) and sold them below cost at the longer base-line price, but exclusively to builders constructing homes, if they could prevent a grey market re-sale to the less housing oriented market. The problem with trying to drag supply prices back down is making secondary markets between your rate, and the market rate.
I am not believing there is an actual shortage worldwide of either construction grade lumber, or other inputs: Its shipping related, its logjams backing up because .. well .. the wheels fell off at the start of 2020 and we haven't got momentum back up.
Oh right. Ships. So maybe the state has to buy ships.. which demands steel.. which is hard to get right now...
Needed, won't fix housing next month or even next year.
Sometimes I wonder if a state went out and bought the input supply stocks (wood, particleboard, roofing materials) and sold them below cost at the longer base-line price, but exclusively to builders constructing homes, if they could prevent a grey market re-sale to the less housing oriented market. The problem with trying to drag supply prices back down is making secondary markets between your rate, and the market rate.
I am not believing there is an actual shortage worldwide of either construction grade lumber, or other inputs: Its shipping related, its logjams backing up because .. well .. the wheels fell off at the start of 2020 and we haven't got momentum back up.
Oh right. Ships. So maybe the state has to buy ships.. which demands steel.. which is hard to get right now...