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30-year mortgage rate plummets, commercial construction stalls

This week, Taylor covers everything from decreased mortgage rates to the commercial construction backlog, and how COVID-19's impact continues to affect every sector of the construction industry. 

Listen to the entire episode below on SoundCloud.

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At a Glance

  • Average 30- year mortgage rate drops to lowest price on record 
  • Design Firm CEO's grapple with pandemic-related fallout, remain optimistic for industry 
  • Commercial construction backlog falls, indicating decrease in profitability 
  • The cost of lumber is twice as high as it was in 2019- why some home builders are moving away from traditional framing systems 

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