{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"CRE 360 Signal™","title":"The Pro Forma Just Got Repriced","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/1cdfc835\"></iframe>","width":"100%","height":180,"duration":134,"description":"Construction input prices are up 12.6% annualized. Steel's up 17%, aluminum over 30%, and roughly 60% of developers have already delayed or cancelled projects. This isn't a cost story — it's a basis story. Every active development pro forma in the country is now 3 to 6% understated, and most haven't been re-run. We break down what's quietly repricing the pipeline, how GMP contracts are flipping, and where the 18-month supply window opens for capital that moves now.","thumbnail_url":"https://img.transistorcdn.com/Gp9aKks1akyffRH-phq075dczwHSemY1VwcauB2X6Lg/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80NzBm/MDFhNjQ4ZGE1MzU4/M2ViOTkwMTUzZTM3/ZTdkYy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}