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Started By
Message
Home Building
Posted on 6/24/21 at 9:42 pm
Posted on 6/24/21 at 9:42 pm
We have several acres of land that we were hoping to build on soon. I have contacted a couple of builders and getting some crazy high price per square foot prices. On average it has been about 160-180 per square foot. I know before the pandemic prices were much lower. Are we expecting these to go down any or are we just shite out of luck?
10
Posted on 6/24/21 at 9:50 pm to mitchel1128
They will go down. Demand is declining and building materials are already dropping. I’d get plans and permits ready and then wait for a few months.
Posted on 6/24/21 at 10:08 pm to Drizzt
quote:
Demand is declining
Where, exactly?
Posted on 6/24/21 at 10:14 pm to Paul Allen
Housing starts dropped 12% in April. Fewer mortgages being processed as well. Lumber price down 40% from peak. This is all publicly available data.
This post was edited on 6/24/21 at 10:16 pm
Posted on 6/24/21 at 11:16 pm to mitchel1128
quote:
Are we expecting these to go down any or are we just shite out of luck?
Housing prices in my experience follow Oil prices. Up like a rocket down like a floating feather. Inflation is the unknown moving forward. If you are waiting for lower interest rates……stop!!!!
IMO - take today’s ridiculously low rates & pay a slightly higher building cost. In the long run you will come out way ahead.
Just my .02$!
Posted on 6/25/21 at 6:31 am to Paul Allen
I'm outside of Baton Rouge in Watson.
Posted on 6/25/21 at 5:48 pm to Drizzt
quote:
Lumber price down 40% from peak. This is all publicly available data.
Lumber was up 300% from a year ago so now we are only up 260%
Posted on 6/28/21 at 4:02 pm to mitchel1128
Materials will go down, interest rates will be steady low until the end of the year. What you will save on rates will help with the increase lumber- win some, loose some. All depends on how aggressive you are to get in the house. Rates of construction to perm is 4% interest only during construction and you can get an extended lock.
Posted on 6/29/21 at 11:05 am to EA6B
Math is hard baw
Posted on 6/29/21 at 11:11 am to X123F45
What is with all these people (who don't need to) wanting to buy/build a home? At the absolute worst time in the past 14 years 
Posted on 6/29/21 at 11:26 am to EA6B
quote:
Lumber price down 40% from peak. This is all publicly available data.
quote:
Lumber was up 300% from a year ago so now we are only up 260%
Posted on 6/29/21 at 11:37 am to EA6B
quote:Someone needs a refresher course in percentages.
Lumber was up 300% from a year ago so now we are only up 260%
Lumber was trading roughly at $430 this time last year. As of close yesterday, $797. That’s 85% increase from a year ago.
Posted on 6/29/21 at 11:37 am to EA6B
quote:
Lumber price down 40% from peak. This is all publicly available data.
quote:
Lumber was up 300% from a year ago so now we are only up 260%
Posted on 6/29/21 at 3:26 pm to mitchel1128
Posted on 6/29/21 at 8:46 pm to mitchel1128
How is a custom house at $160-180 a sq ft high?
Yall settle for some real shite building quality.
Yall settle for some real shite building quality.
Posted on 6/29/21 at 9:00 pm to mitchel1128
Anyone got price on dirt lately? I’m going to need a good bit in my property.
Posted on 6/30/21 at 5:34 am to mettematt9
quote:
How is a custom house at $160-180 a sq ft high?
That would be low for a custom home.
I’m not seeing where the OP said it was a custom home though
Posted on 6/30/21 at 4:47 pm to mitchel1128
Building a custom home in Texas now and we were locked in at $163/sqft.
Posted on 6/30/21 at 5:33 pm to SlidellCajun
quote:
I’m not seeing where the OP said it was a custom home though
If you're building a home, wouldn't that by defintion be custom home? And who goes through the trouble of having a home built if they're only planning on using builder grade materials to build it?
Posted on 7/1/21 at 5:45 am to mitchel1128
Are these prices per square foot living area or total under roof?
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