Skip To Content

Thinking About Building a Home? Here’s What You Need to Know!

If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either avenue. While home builders are doing everything they can to construct more houses and help narrow the supply shortage, they’re also facing delays due to factors outside of their control. Here’s the latest on some of the key challenges homebuilders are experiencing today and how they could impact your plans to move up. The first hurdle builders are dealing with is the lack of supply of various building materials. The difficulty in getting these items is dragging out timelines for new homes as builders wait on what they need to finish construction. And since materials are in short supply, even when they do get the product, the principle of supply and demand is driving prices up for those goods. But that’s not the only challenge with new home construction today. Builders are also having a hard time finding skilled labor, which means they’re short-handed, further dragging out their timelines. While finding workers continues to be a challenge for builders, there are signs of positive momentum moving forward. So, when you weigh your options and try to decide between building a home or buying an existing one, factor the potential delay in new home construction into your decision. While it doesn’t mean you should cross newly built homes off your list, it does mean you should consider your timeline and if you’re willing to wait while your home is being constructed!

Join our growing community for new videos every week!

BUSINESS INQUIRIES Interested in getting into contact with us?

You can reach us at 772.492.7777 | Sales@MyReynoldsTeam.com

Written by Danielle Almanzar on . Posted in How to Buy a Home, Realtor Tips
Tags: , , , , , , , , , , ,

Trackback from your site.

Leave a Reply

*
*

About our blog

Our agents write often to give you the latest insights on owning a home or property in the local area.

Recent Posts

Archives