After years of resilience, homebuilders are now grappling with a sharp slowdown in the housing market as high prices, mortgage rates and economic uncertainty dampen buyer demand. New home sales fell 14% in May, and many builders, including Lennar and KB Home, are cutting prices and scaling back development plans amid rising unsold inventory. Despite increased supply from both new and existing homes, sales remain sluggish in most markets. According to Yahoo Finance, “Consumers grew increasingly apprehensive about the economy and rising geopolitical tensions, driving consumer confidence to a 13-year…
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Best Builders Explain Their Custom Home Tips
Building someone’s dream home can be a little nerve-wracking at times and cause a variety of emotions. Although there may be some unexpected surprises or unwanted ones, there are some ways you can be prepared. Here is advise from some of the top homebuilders on what to expect and handle building a home. According to D Magazine, “Patiently letting the preconstruction process play out. All parties, including your builder, are excited to get shovels in the ground. With that said, ensuring you take adequate time to get plans correct in…
Read MoreA Builder’s Path Towards Offsite Framing
Relationships with structural framing suppliers determine the deliverance of each project By Jess Lohse Builders have faced an unprecedented number of challenges over the last several months. In a short time, they have transitioned from supply chain issues holding back production due to overwhelming demand, to wondering how many homes they will be able to sell thanks to climbing interest rates. Recent memories of the inability to source framing materials understandably contributes to fears of how to efficiently deliver homes at affordable price points. Obviously, relationships remain critical through this…
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