The ProfitDig Radio Show
Strategies for building a successful construction company, as well as construction industry news and commentary. Topics will include creating winning job bids, maximizing profitability, job costing, marketing strategies, our thoughts about industry trends and more.
The ProfitDig Radio Show
How Are Interest Rate Increases Affecting Construction?
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ProfitDig LLC
The guys talk about how interest rates are affecting the construction industry. As Jeff explains, one major effect of rising interest rates is a shift from single-family home construction to mult-family construction. People would rather lease during times of high interest than be saddled with a high interest mortgage. Rising interest rates and falling home sales also affect things like contractors' ability to acquire or rent equipment, and the ability to fund new projects.
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