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Julie DeWolfe Arroyo
  • Realtor
  • southern Idaho
50
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81
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New builds are 2 YEARS out, and other red flags

Julie DeWolfe Arroyo
  • Realtor
  • southern Idaho
Posted Apr 10 2021, 11:55

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?   

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