Tyrone Shandiman, managing director of Strata Insurance Solutions, said the correction does reopen the question the industry hasn’t had to ask in years. “So the question is: if prices are falling, does that mean fewer people want to buy or build new properties?” he said. Fewer projects chasing the same trades and materials could, in theory, ease pressure on builders. “It could mean there’s free capacity, and that the cost of construction comes down,” Shandiman said.
