Due to rising costs of home construction, flippers' profits at lowest point in years

Acadiana Business Today: Due to rising costs of home construction, flippers' profits at lowest point in years

with Adam Daigle | Business editor

Good morning, Acadiana. The real estate market in Acadiana and other areas continues to be a runaway train of buyers gobbling up houses, but the market for flippers has soured. What else we have today? There could be good news coming from Washington on the I-49 Connector project, One Acadiana news and last week's building permits:

Due to rising costs of home construction, flippers' profits at lowest point in years

The rising cost of home construction has cut into the house flipping market with the return on investment for flippers still in a slump. The costs for lots of things have surged, and more flippers are getting into the game with the market surging like it is in Acadiana and just about every other metro in the country. "There are lot of investors that have watched way too much HGTV and thinking this can be done in three days for $5,000.”

Read the story here.