Insurance, Tariffs, and Wage Hikes

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Video: Mayoral Candidate Katie Wilson on $8 Slice of Pizza and Housing
https://www.reddit.com/r/Seattle/comments/1kl5l3s/mayoral_candidate_katie_wilson_on_8_slice_of/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

New home construction is nearing pre-2008 levels, but builders are facing a major problem: they can’t move their inventory. Despite quietly increasing output over the past decade, today’s high interest rates, rising insurance costs, and policy uncertainty—especially around tariffs—have crushed builder confidence. In places like California, where buyers need over $200K/year to qualify, affordability is out of reach for most. Builders are desperate, and that could mean more concessions for buyers and loan officers. But unless we tackle construction costs and the insurance crisis, expect more of the same.