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Builders working on keeping up with buyer demand, what is causing the delays?

Monday, March 1, 2021   /   by Jen Raines

Builders working on keeping up with buyer demand, what is causing the delays?

??Why can't Builders build more homes, for all of the many buyers looking?

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We asked a bunch of builders, that our team has worked with. And, The main reason they are telling us is LUMBER!

If you're wondering why most builders have wait lists around 1-3 months to even get Under contract, and lock in a price.
Then, you have to wait over 9 months or more then a year to move in, this is one of the reasons why.
According to builders the reason is, the price of lumber hit a record high this week and is up more than 170% over the past 10 months. Lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector The increase in lumber prices are forcing New Build companies to delay

Read more here: construction https://nahbnow.com/2021/02/record-high-lumber-prices-are-hammering-housing-affordability/
Keller Williams South Valley | Raines Real Estate Team
Donny Raines
4020 W Daybreak PKWY
South Jordan, UT 84009

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