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Building a house in the near future

Posted on 9/1/17 at 10:27 am
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 9/1/17 at 10:27 am
I was about to start building in a month or two, but my contractor has gotten swamped. I'm in the DFW area, anyone have an idea of how materials/labor prices are going to increase, and a guess at when they fall?
Posted by Libertariantiger
Member since Nov 2012
981 posts
Posted on 9/2/17 at 7:37 am to
A situation like what is going on in Houston is hard to predict with accuracy what is going to happen, except prices will be going up in the short term, particularly labor. Labor in Dallas will probably be headed to Houston to make bigger, faster money. I live in South LA and run a construction company. I heard a few guys leaving half their crews and talking half their crews to Houston already. One told me friday he was leaving after Labor Day. I'm not expecting a big difference here, but I would expect a place like Dallas to have the labor get tight.
In our area, I saw the labor get back to normal after about 4-6 months after the August flood. Prices didn't go up for me, there was just shortages of material and labor. The flooding in Houston is worse and commercial buildings getting fixed are going to hurt the residential market from a price stand point in the short term, even i n Dallas.
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