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re: Building a house. Build now or wait to see if prices fall?
Posted on 2/15/19 at 10:23 am to DFWgolfer318
Posted on 2/15/19 at 10:23 am to DFWgolfer318
Not with certainty but I would assume the hurricanes last year in the panhandle and two years ago in Houston may have a hand in the prices of lumber going up.
While I agree that tariffs isn't the a big part in the rise of construction cost, it plays a part and I can tell you that had I not paid my vendors who are supplying my kitchen/outdoor appliances and light/plumbing fixture late last year, I would have seen an 8-15% increase across the board. That may not seem a lot but take that % to an allowance of $50K for those items.
While I agree that tariffs isn't the a big part in the rise of construction cost, it plays a part and I can tell you that had I not paid my vendors who are supplying my kitchen/outdoor appliances and light/plumbing fixture late last year, I would have seen an 8-15% increase across the board. That may not seem a lot but take that % to an allowance of $50K for those items.
Posted on 2/15/19 at 10:33 am to SLIMNOLA
prices are not going to fall. the tarrifs have already hit appliance pricing and possibly plumbing and electrical items. I cannot speak on the lumber increase. Concrete ready mix has a price increase mainly due to cement steadily going up.
i am building in the Raleigh are for about $150/SF. This includes quartz in the kitchen, upgraded appliances, granite in all bathrooms and study, and LVP floors through most of the house.
i am building in the Raleigh are for about $150/SF. This includes quartz in the kitchen, upgraded appliances, granite in all bathrooms and study, and LVP floors through most of the house.
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