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Material Prices for Homebuilders Are Climbing So Fast That Builders Are Adding Escalation Clauses to Sales Contracts

May 18th, 2021
Categories: News

Link: https://www.economicpolicyjournal.com/2021/05/prices-for-homebuilders-are-climbing-so.html

“Escalation clauses specify if building materials increase, by a certain percentage, the customer would be responsible for paying the higher cost. Higher costs for lumber, steel, gypsum and copper, some of which have hit record highs this year..

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