If you need assistance, please call 801-347-5054

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?

Untitled design (5).png

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
801-347-5054

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of August 3, 2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2021 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
This site powered by CINC: www.cincpro.com