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I made an estimation of recent new construction house and found that the profit of builder is still in the range of 20 to 30%. For example, for a house of $500,000. Cost of labour, material, project management is less than $400k. At today's market, it is not reasonable.
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Recently, material cost and labour cost have been droping. The demand for residential construction material from south (USA) is very low due to over supply of house. & ~- O9 u( u/ W, D8 W
& _. z: E3 S) k! w+ W5 ]6 @. J' OPersonally, the house price will continue to drop for additional 10% from today's value. Be patient. |
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