New builds are 2 YEARS out, and other red flags

[Julie DeWolfe Arroyo]

South central Idaho housing shortage is beyond painful.  I am pondering the impact that local builders have because they are contracting for builds 2 years out.  Since the contracts are between builder and buyer I wonder how interest rates, lending, closing, and build costs are being dealt with, I find it highly unlikely that local builders will shoulder cost adds.  

I understand the dog fight to get a home, as I look at the MLS I see ONLY 23 active listings for SFR in the most desirable community. Rumor has it that "the building supply" store will begin picking and choosing whom they will serve, since the demand is far beyond their capacity. This also impacts the remodel market, quality contractors are booked 2 years out on new construction and it's doubtful that smaller guys can find qualified workers or the construction materials to move forward.

How are you dealing with this in your area?

There must be solutions or opportunities, right?   

[Julie DeWolfe Arroyo]

Right and left of hwy 93, it's on fire.

Super easy to become a contractor in Idaho, probably too easy.  That said, I would love to see competition come in, specifically material suppliers, we have drivers ready to haul and facilities ready to house.   

Another idea is to see contractors collect people who have been priced out of their homes (say from Reno) who have the will and ability to work but don't even have a vehicle anymore, let alone a residence.  A  big enough builder could do man camps, provide RV housing, and help people get back on their feet.

There are so many investment opportunities here for medium to large investors and companies.