Due to expected lumber costs our industry is estimating that a $3,000 - $5,000 price increase per home will occur by April 1st just to absorb the higher lumber costs.
The two driving factors for increased costs are soaring fuel prices and overseas demand for materials fro China and India. Shipping and manufacturing costs due to increased fuel prices have driven up most building materials.
Reports also indicate the US housing industry bottomed out in 2009 and that demand for new homes have increased since. Industry sources claim that new housing demand in 2011 will increase compared to 2010 and then further strengthen in 2012.
Right here and now just might be the last good entry point for new home construction before builders are forced to raise the price of the new home construction due to rising commodity prices.
We should check everything before buying any type of property. Gordon Rutty is an expert which is working in real estate for many years.
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