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Home construction likely to hit skids due to shortage of supplies
Posted on 3/7/21 at 8:44 am
Posted on 3/7/21 at 8:44 am
Home Construction likely to be halted due to shortages
*President Biden used razor sharp thinking in letting in millions of illegals in during both a housing and supply shortage. I have been wanting to build a shed for the last year and the prices are getting more ridiculous by the minute. For those thinking of selling and buying new, good luck.
*President Biden used razor sharp thinking in letting in millions of illegals in during both a housing and supply shortage. I have been wanting to build a shed for the last year and the prices are getting more ridiculous by the minute. For those thinking of selling and buying new, good luck.
13
Posted on 3/7/21 at 8:48 am to NPComb
Yeah I’ve been looking to purchase a house for a month and can’t find a place because the inventory is so low. The price of lumber is so high that it’s actually cheaper to build with steel framing at the moment.
Posted on 3/7/21 at 8:50 am to NPComb
This is good for my property value, this is bad because I would still need a place to live if I sold.
Posted on 3/7/21 at 8:50 am to olemc999
Steel would be a better product overall?
Posted on 3/7/21 at 8:53 am to NPComb
Real Nostradamus. It already has been pretty heavily impacted.
Posted on 3/7/21 at 9:01 am to LSUnation78
Building a 6x8 chicken coop this weekend. I'm over $1k in lumber and about 750 for everything else. The siding panels alone were $33/sheet. There's no way you can build a reasonable house with these costs.
Posted on 3/7/21 at 9:07 am to LSUnation78
quote:
Real Nostradamus. It already has been pretty heavily impacted.
No one disagrees. The point is having hordes moving in who will need housing during a shortage was not well thought out. By the way, who do you think will get priority for new housing availability in the near term. You, Lt Weinberg?... no, it will be the new blue wave of democratic voters.
In addition, do you think these diseased and uneducated new members of America will pop up in Nancy, Chuck, Joe, or Hillary's neighborhoods? They have enough blue checks there. They will be pushed to rural red areas and will take future electoral colleges along with the populous.
This post was edited on 3/7/21 at 9:39 am
Posted on 3/7/21 at 9:09 am to olemc999
quote:
Yeah I’ve been looking to purchase a house for a month and can’t find a place because the inventory is so low. The price of lumber is so high that it’s actually cheaper to build with steel framing at the moment.
Friends of ours did the dirt work for the footers and have halted and are looking at homes for sale on the market.
Posted on 3/7/21 at 9:16 am to olemc999
quote:
build with steel framing
This happen to come from china?
Posted on 3/7/21 at 10:01 am to xrockfordf150x
My area is likely to get hit hard with this.
Lots of new neighborhoods in the process of going up, which was already in danger of glutting the market. Now if lumber is through the roof, the pace slows considerably or the prices spike.
I don’t see how people are going to want to pay country club prices to live right across the highway from a state prison.
Lots of new neighborhoods in the process of going up, which was already in danger of glutting the market. Now if lumber is through the roof, the pace slows considerably or the prices spike.
I don’t see how people are going to want to pay country club prices to live right across the highway from a state prison.
Posted on 3/7/21 at 10:04 am to NPComb
I was talking more about Fox publishing the article.
This is the garbage people call news. Few months late on this hot take. But this is what they get paid to do.
Wasn’t really speaking to your point.
This is the garbage people call news. Few months late on this hot take. But this is what they get paid to do.
Wasn’t really speaking to your point.
Posted on 3/7/21 at 10:57 am to LSUnation78
Bought a new build in laffy in September for 460k. New builds and year old houses in our subdivision going for 530k now. Same square footage and similar finishings. It’s crazy.
Posted on 3/7/21 at 11:03 am to NPComb
Shortage of lumber + already hot market + record low mortgage rates = overheated market.
Posted on 3/7/21 at 11:14 am to NPComb
quote:Someone posted an article; was it the OT or here warning about this. Something about commercial/residential construction supplies dwindling and as crazy as it sounds not being refurbished?
*President Biden used razor sharp thinking in letting in millions of illegals in during both a housing and supply shortage. I have been wanting to build a shed for the last year and the prices are getting more ridiculous by the minute. For those thinking of selling and buying new, good luck.
I spoke with real estate agents and homes up North in the downtrodden old steel mill areas.... Are selling way above and cash buyers are making it impossible to buy with regular financing.
New Construction won't be very soon. Then real estate wise south in NC has booming new construction over the past 2 to 5 years because the yankees moving from NY.
The NC Coastal city no longer has room to build to keep up with the yankees moving in. So inland counties that sat as wooded lots are now homes.
We wanted to add on to my husbands shop and if you had Trump's money...It would be stupid to build at the prices of materials for a simple shop/work shed extension or new build.
WHY?
This post was edited on 3/7/21 at 11:16 am
Posted on 3/7/21 at 11:21 am to TerryDawg03
quote:The shortage is nuts. We are headed for a depression and Biden will usher in the great reset via his Obama globalist puppets.
Shortage of lumber + already hot market + record low mortgage rates = overheated market.
Will the green new deal in a near economic depression, housing crisis of short sales and foreclosures like Bush/Obama brought us... cause the great reset?
Posted on 3/7/21 at 11:39 am to NPComb
From the OP article. Is it true this is made in China like the comment said?
quote:From the comments...
A shortage of a critical part used to build basements in new homes threatens to bring construction to a standstill, delivering the latest blow to an industry that has been squeezed by rising mortgage rates and a lumber deficiency.
Flat steel form ties, a small piece of metal that ties together aluminum panels that make the walls, allowing builders to pour concrete in between, are in short supply due to a number of factors including just-in-time inventory, tariffs on imports and the supply chain impacts of COVID-19.
“This is a perfect storm of events and factors, not unlike other material shortages that are being pressed by the continued record pace of residential construction,” said Jim Baty, executive director of the Concrete Foundations Association, a trade organization for the residential concrete industry. “CFA is spearheading an unprecedented collaboration effort to offer as many solutions as possible to ensure minimal disruption to the marketplace while also maintaining quality and construction worker safety.”
quote:
RockfishHiker
1 day ago
What the article fails to mention is that the shortage is due to the fact that the part is made in China. Just one more example of our dependence upon the Communists of China. Made in America is becoming meaningless when it comes to things that are essential for keeping our economy going.
Posted on 3/7/21 at 12:42 pm to Dawgfanman
quote:Even the cost of remodeling is high. Cabinets cost is out the roof.
This is good for my property value, this is bad because I would still need a place to live if I sold.
Posted on 3/7/21 at 12:44 pm to NPComb
Well, it'll also be 3x more expensive thanks to fuel prices.
Posted on 3/7/21 at 12:50 pm to NPComb
I had one new construction delayed by almost 2 months. They’re giving me a June completion date.....maybe
Posted on 3/7/21 at 12:50 pm to NPComb
I was going to start building a house in the near future. All of that is mothballed for a bit. Can't move until 2-3 years anyway.
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