Posted by
Message
lsugrldej8
LSU Fan
Watson
Member since Sep 2006
2314 posts

New construction costs going down?

We are looking at building a new house in about 12-18 months from now. We will be building in the suburbs of Baton Rouge. The house will be nothing high end, just a regular mediocre house. Have y’all been seeing new build costs trending downward? What is the price per square feet you’ve been seeing lately?


Chad504boy
4 posts
Member since Feb 2005
157934 posts
 Online 

quote:

New construction costs going down?
We are looking at building a new house in about 12-18 months from now. We will be building in the suburbs of Baton Rouge. The house will be nothing high end, just a regular mediocre house. Have y’all been seeing new build costs trending downward? What is the price per square feet you’ve been seeing lately?




There's a million variables in your simpleton questions.


Replies (0)
Replies (0)
1119
idlewatcher
Houston Astros Fan
County Jail
Member since Jan 2012
67637 posts

Material costs are still pretty high. I run around with several custom home builders here in Houston and they have said there are still massive supply chain issues. Sometimes it's garage doors. Sometimes it's gutters. Sometimes it's people.

Labor pay and finding actual dependable laborers is also still an issue.


cgrand
New Orleans Pelicans Fan
HAMMOND
Member since Oct 2009
34216 posts
 Online 

commodities (metals, lumber, etc) are coming down. assembled or manufactured goods (doors, windows, cabinets, etc) are still way high and labor is an ongoing problem with no real solution in sight


Replies (0)
Replies (0)
120
SlidellCajun
LSU Fan
Slidell la
Member since May 2019
8278 posts

quote:

Material costs are still pretty high.



Materials as a whole are high but one of the largest factors in the cost of building, lumber, is at a low not seen since June of 2020.
From a high of 1450 per linear foot to 477 today.
This post was edited on 9/7 at 11:36 am


Paul Allen
California Fan
Montauk, NY
Member since Nov 2007
71805 posts
 Online 

Honestly I’m surprised that people are still building new homes in this current economic climate, and not to mention interest rates that have been steadily rising.


trident
Tennessee Fan
Member since Jul 2007
4497 posts

quote:

Honestly I’m surprised that people are still building new homes in this current economic climate, and not to mention interest rates that have been steadily rising.


got to live somewhere. Better to build a high priced house than buy one and have to remodel that POS


Replies (0)
Replies (0)
114
bluemoons
New Orleans Saints Fan
the marsh
Member since Oct 2012
4986 posts

quote:

Labor pay and finding actual dependable laborers is also still an issue.


Huge issue. Good subcontractors have also realized that they've got a good bit of leverage throughout this whole ordeal. I don't really see new construction costs going down any time soon - at least in a meaningful amount.


Replies (0)
Replies (0)
100
Drunken Crawfish
USA Fan
Member since Apr 2017
3617 posts

quote:

New construction costs going down?


(Some) material costs are going down but the labor costs are rising and offsets a good bit of that. There is also a lot more that goes into a house than just lumber.

Trying to time the market 12-18 months out is nearly impossible and the best best is to assume overall costs are going to rise.


Replies (0)
Replies (0)
50
Milesahead
LSU Fan
Baton Rouge
Member since Sep 2007
531 posts

I spoke with multiple builders in East TN recently about building a nice home out there. I was quoted 250-280/sq ft for just construction. That didn't include price of land.

This differs in location and quality of home that you mentioned but it is a data point, even if limited in value.


TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
bluemoons
New Orleans Saints Fan
the marsh
Member since Oct 2012
4986 posts

quote:

I was quoted 250-280/sq ft for just construction.


High end custom home is about the same in the northshore (of NOLA) area.
This post was edited on 9/7 at 4:07 pm


Replies (0)
Replies (0)
03
Libertariantiger
LSU Fan
Member since Nov 2012
973 posts

I do not think prices are coming down anytime soon. I think it's flat. We have seen lumber come down, but most other items are holding rather than going up. Labor going up is starting to gobble up at savings from lumber. You can still get a normal house with builder grade finishes on your lot in the $125 total sqft (that's porches/garages incl) price range. That's about $160/sqft living with normal ranges of porches and garages.


Donzi Tiger 1
Member since Oct 2018
107 posts

I paint new construction and both sherwin williams and ben moore went up another 14% last week and it never comes back down!


Bayou
LSU Fan
CenLA
Member since Feb 2005
34477 posts

quote:

We are looking at building a new house

Good luck - seriously


Replies (0)
Replies (0)
10
SEC. 593
Navy Fan
Chicago
Member since Aug 2012
3572 posts

We're in the process of building (and have been since the spring) a house towards the bottom-end of that range. Honestly, already built homes in our price range around here are around $200-225/sf so at those prices I'd rather spend the extra money for brand new.


Replies (0)
Replies (0)
00
SlidellCajun
LSU Fan
Slidell la
Member since May 2019
8278 posts

quote:

paint new construction and both sherwin williams and ben moore went up another 14% last week and it never comes back down!


Yeah
Paint is seriously expensive these days


Replies (0)
Replies (0)
20
GrizzlyAlloy
Liberty Fan
Member since Aug 2020
1008 posts

I'm in the same area and moving in to mine next week. Expect $185/sf without land/landscape/driveway, just the house.


Replies (0)
Replies (0)
11
greygoose
Auburn Fan
Member since Aug 2013
10105 posts

quote:

Labor pay and finding actual dependable laborers is also still an issue.


The incoming recession is about to change that part. It's about to get really bad. Massive inflation coupled with massive layoffs.


Replies (0)
Replies (0)
23
El Segundo Guy
Missouri Fan
SE OK
Member since Aug 2014
6029 posts

We're in the process of talking to contractors and whatnot to build a new house on our cattle farm and tear the existing one down.

It isn't cheap. I was hoping it would be cheaper than a tear or so because interest rates have gone up and I don't finance shite. No such luck so far.


Replies (0)
Replies (0)
00
DownSouthDave
USA Fan
Christiansted
Member since Jan 2013
7065 posts

We live in the home my wife owned before we started dating. 2 people working from home and a new baby make things incredibly cramped in a 1900sqft home.

We bought some acreage right before the pandemic with intentions to build. We are wrapping up plans now and would love to start construction, but I don't know if it's the best time to start (I am sure it's not). On the other hand, will it ever be the right time?

We have even been looking at homes around our property as a temporary residence just to give us some space in the short term and allow me to better keep up the property until we build.

Home prices are still so high that we would be spending 80% of our custom home on something we don't really want.

I think our move is just to go ahead, start building and hope for the best. Though, I really wish someone could look into a magic 8 ball and tell me when construction costs will be falling.


first pageprev pagePage 1 of 2next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram