re: Building a Home in the current climate - Question

Im building right now and my advice would be to just move ahead and do it. Interest rates are low so any increase in materials will be more than offset with lower cost of interest over life of the loan. For example, a 1% change in interest on a $400,000 home is roughly $60k change interest paid over the 30 years.

Things are a lot more expensive now than they were 6 months ago. Just make sure to get things like windows, doors, floors, metal, lumber all ordered as early as possible. Windows take like 6 to 8 weeks to come in right now. Windows used to have a lead time of a few days, people would buy them after the house was framed. Now you have to buy them before you even break ground or they will not arrive to the job site in time.