Despite the appearance that our Meridian Idaho builders are building new homes as fast as they can, there’s more to the story.
I’ve been told, by various Meridian Idaho builders, that they could build more homes if they could find the labor needed to build them.
Some builders are delaying pulling building permits because they can’t find subcontractors to build more homes.
Many of our subcontractors have self-deported and others have moved on to rebuilding efforts in natural disaster areas, such as Santa Rosa and Houston.
One major builder recently told me he had to shut down one of his projects for two weeks because he couldn’t find framing labor.
I heard of another situation where a large builder’s framing crew quit with no notice because they had been offered a contract to frame a large apartment complex.
Increasing Materials Costs
I’ve also heard stories of suppliers demanding higher prices for various construction components despite having advance signed contracts for those components.
Since January 2017, rising lumber costs have increased the cost to build an average home by more than $6,000, according to the National Association of Homebuilders.
New homes are usually priced before construction begins, but unexpected rising costs during construction often result in home price increases before the homes are completed.
If you’re in the market for a new home, consider getting under contract early in the building process to avoid paying more when it’s completed.
Are you looking for a new home in Boise, Meridian, or Eagle?
I know the market, the builders, and the developments.
Give me a call at (208)938-5533 or e-mail me and let’s talk!
There’s no obligation and I will not pursue you (not my style).
I will NOT hand you off to a junior team member, either (because I don’t have any!)
No sales talk, no self-serving closing questions ~ just the facts so you can make informed decisions.