Comment by no_wizard
5 days ago
Lets keep the trend going. Lets get them back to 2019 levels! It would be a real feat if they can keep the cost going down instead of up.
5 days ago
Lets keep the trend going. Lets get them back to 2019 levels! It would be a real feat if they can keep the cost going down instead of up.
that's unlikely. the pipeline of new units will be slowing, it's just that a bunch of projects that got spun up at the peak are finally delivering, but new starts have been down so we're probably approaching the bottom of a trough
So this is at best a temporary fix not a long term solution
New starts are down across the board because interest rates are up, making construction harder to finance.