Raleigh NC New Homes: Communities, Lots and Land in the Triangle: Will New Home Prices Increase This Year?

Will New Home Prices Increase This Year?

Cost to Build a New Home is Increasing 

Building material cost increases lead to higher home prices



Construction forecast analysts predict that new home costs will rise by as much as 5% this year, driven by price increases that can't be held back - and new home builders are already seeing increased costs for building supplies that will impact the prices they will need to charge for the homes they build.

Manufacturers all over the world have steadily been raising prices on products used throughout the construction process, such as*:

  • · Fuel
  • · Drywall
  • · Roofing
  • · Windows
  • · Siding
  • · Aluminum
  • · Vinyl
  • · Lumber


Home builders across the nation are raising prices due to these rising material costs.

Stanton Homes is working in partnership with our building suppliers to keep costs down as long as possible. But world-wide conditions regarding raw materials such as petroleum products, steel, wood and composites are hitting our suppliers hard - and there are many costs our suppliers cannot control.

This graphic shows just one example of essential products increasing in cost.

Will New Home Prices Increase This Year? | Rising Costs of New Home Construction

*These price increases are detailed in the Producer Price Index, Bureau of Labor Statistics, US Department of Labor, Federal Reserve Board, Census Bureau, and new home builders are receiving letters with price increases that continue to go up every month.

 

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129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

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New Homes Raleigh NC - New Home Raleigh - Raleigh NC New Homes - New Home Raleigh NCStanton Homes makes building your new custom home easy!  We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations.  Your custom home is going to be extraordinary when you create it with one of the nation’s top fully involved builders and the high quality materials and craftsmanship that our reputation is built on.

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Comment balloon 0 commentsStanton Homes • February 16 2011 08:06AM

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