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The increase of building cost and why now is the best time to get that dream home.

During this time of year there is much to be excited for. From the blossoming of the beautiful flowers, return of migratory birds, and long sunny days. This time truly is one of the best times of the year. It also happens to be that this time of the year is ideal for the home building process. As the U.S. economy unleashes itself from the chains of recession, the housing industry is also showing signs of life once again. Due to the growth in demand for housing there has been noticeable increases in building cost and material costs, which is exactly why getting you home project started before the cost is even higher.

The cost of drywall materials have more than doubled in certain regions across America over the past two years. Not to mention other materials such as compound mud and fasteners used on drywall to create a finished wall has seen a 30% increase in cost. Things such as drywall might not seem like such a big deal, but they can most defiantly add up!

Another material which is seeing significant cost increases is OSB (oriented strand board) which is the material used in sidewall construction and SIP panel construction. The average increase for OSB is about two and a half times more expensive than that of last year.

There have been many builders reporting that suppliers have let their inventories run thin, and have yet to replenish their materials to the same levels that they have had in the past. This is due to the fact that there have been delays between ordering and delivery.

As stated by National Association of Home Builders chief economist David Crowe “That said, builders’ outlook for the next six months has improved due to the low inventory of For Sale homes, rock bottom mortgage rates and rising consumer confidence.” And this is very hard to disagree with. Most compelling reason to begin the new home building process is how extremely low mortgage rates are now. Mortgage rates will increase just like the materials have increased due to the growth of demand.

So there really is no better time than now to begin the first steps to your dream home. You better get the ball rolling before prices and mortgage rates go up. So if you decide that now is the time for you please contact NC Sunset Builders @ (828) 926-4173 to design a home for you before it is too late!

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PO Box 810
Waynesville, North Carolina, 28786

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Sunset Builders of North Carolina, Inc. produces beautiful home construction and home additions.

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