“Why do prices on new construction homes keep going up?” “Are builders trying to line their pockets?” “I heard new builds keep getting delayed. Are the construction crews slacking?”
We’ve seen a lot of frustration lately with new construction homes and believe us, we hear you and commiserate. You have likely heard prices of existing homes are going up due to low inventory, but while new construction is affected by fewer existing homes being on the market, high demand isn’t the only thing affecting prices and build time for new homes.
Here’s what’s going on with new construction homes.