Oxford, MS building market in early 2022

By |2022-02-23T10:21:08-06:00February 23rd, 2022|Building, Home Buyers|0 Comments

The construction market in Oxford has been grappling with ongoing material bottlenecks and rising prices of construction. Appliances, cabinetry, and finishes have also lengthen the completion date of new builds and remodels. These delays are driving home prices higher and pricing some prospective buyers out of the Oxford real estate market. Producer Price Index The Producer Price Index (PPI) report compiled by the U.S. Bureau of Labor Statistics Rising costs of construction materials are impacting availability and completion times. can be found here. The PPI report was led higher by a 25.4% increase in [...]