Double Lumber

The price of lumber has doubled in three months.

 

Lumber is just one of several examples of skyrocketing materials costs which are impacting both home builders and home buyers.

 

The cost of lumber is now at a record-level $1000 per 1000 board feet.

 

These rising costs not only add to the sales price of a home but also add to the inventory shortage issue.  Some large, publicly-traded home building companies are slowing production in hopes of building costs dropping over the next few months.

 

Many people expected lumber prices to drop, or at least level off, when the tariff on Canadian lumber changed in December.

 

However, because demand has been so high from both building and remodeling, lumber costs continue to climb.

Construction

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All Time High

 

Home Builder’s confidence in Baby Boomer buyers is at an all time high.

The National Association of Home Builders (NAHB) surveys their members each quarter to discover what they expect of future sales.

 

The builders base a large part of their answer on how many people are visiting their sales centers and model homes versus the same time last year.

 

The results in their most recent survey show that builders have never been more confident about buyers who are 55 and older.

 

The confidence index for this age group is actually double of what it was in 2012.  The NAHB sites low interest rates and strong job growth as the reasons for the high confidence.

 

 

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Time for New

 

Here is a fact…

If you have ever thought about owning a new home, the last two months of the year are usually the best time to make that happen.

Here’s why…

Many builders have year-end goals and sales quotas to hit.  If they have a “standing inventory” of homes that are completed but not sold, they are typically motivated to sell these homes by the end of the year.

This dynamic can be especially true for publicly-traded builders who are even more motivated to hit year-end sales numbers.

Up and down the Front Range there are beautiful new homes in fantastic neighborhoods.  The builders of these homes may be happy to make concessions and provide incentives as long as you close by year-end.

We just recently helped a buyer with a very compelling incentive package from a builder which included a lower price, additional landscaping and window coverings.

If you would like more details about these kinds of opportunities, reach out and we can help.

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Home to be Built in Johnstown!

4230 Carroway Seed Ct an ideal location, south of Scheels, near the I-25/34 interchange and Loveland Centerra. The Duncan is designed for the recreational enthusiast or car collector wanting a stunning and fresh design featuring a finished six car garage. Open concept with a gourmet kitchen, luxury finishes & hardwood flooring spanning the space. A custom designed fireplace & large windows opening up to the one of kind mountain & valley view, or bring your own custom design & let us build your dream home! Contact Jacqueline Feil for your private showing at (970) 402-7509 for more information or click the link below for more details.

http://windermerenoco.com/listing/87700276

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TO BE BUILT HOME IN TIMNATH RANCH!

The Alta plan is a beautiful 3 bedroom, 2 bathroom home at 7125 Silver Ct with high end finishes backing to the greenbelt. Entertain in a gourmet kitchen featuring 9′ cabinets with full height back-splash below, quartz counter tops, wall oven/microwave, SS appliances, 5 burner gas cook top, SS hood, and fire clay farm sink. Opening up to a vaulted 10′ great room with hardwood floors throughout and a cozy fireplace. Your mud room allows for extra storage and access to the 3 car garage. Photos are of a previously built home and are used as example. Buyer can make selections. Contact Jacqueline Feil for your private showing at 970-402-7509 for more information or click the link below for more details.

http://windermerenoco.com/listing/87436286

 

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