The past two years have been an ordeal for many industries, not the least of which is the real estate market and homebuilding. The cost of raw materials such as lumber and the demand for new housing soared in 2021, and since their peaks in the summer, experts have seen a steady decline. Even so, there remains the issue of the supply chain shortage. How do all of these factors affect one’s decision to build a home in 2022? Here’s what one might expect and how to go forward into this new year!
Both the price of housing and raw materials experienced some stabilization in the latter half of 2021. Experienced and well-positioned building companies with long-standing relationships with subcontractors and suppliers have found means for dealing with labor and supply chain issues. It’s now more important than ever to choose your builder carefully. Builders have used strategies that included alternative but comparable materials or stockpiles and inventory of more difficult materials to obtain.
Lower Demand for Housing
In the meantime, the urgent housing demand that struck 2020 and the beginning of 2021 is also easing. The demand for housing and the rate of bidding wars are both slowing down, returning to a more normal-looking housing market for 2022. With less demand, it will be easier for house hunters to find the home for them at lower prices.
The lower cost of construction materials and the lower demand for housing are only two of the main factors to look forward to when you build a house in 2022. Expectations that the availability of much-needed construction materials will improve. Supply chain shortages have riddled many industries with delays, but supply is bouncing back at the highest rate since May 2021. Supply chain issues are still present, but improvement is visible, and contractors are adapting as never before to the challenges.
Don’t Settle for Less
There are many reasons one might decide to build a home in 2022 aside from the economy. Changes in the size of one’s family, changing job locations, or embarking on building your dream home are all reasons to not delay. Although the housing demand is slowing, it is certainly not stale! Ameri-Star Homes is offering to build in the popular Pleasant View in Glen Burnie, Maryland, and is constantly looking for new opportunities to build in ideal locations in central Maryland. As always, Ameri-Star is building the inventory of buildable homesite throughout the metropolitan area. Ameri-Star aggressively searches for home sites that meet a prospective building client’s goals and criteria.
Let Ameri-Star Homes Build Your New Custom Home!
Ameri-Star Homes was built on the idea that a home is not complete until the homeowner is 100% satisfied. That’s right, completely satisfied homeowners. Whether you want a home built on one of our home sites or on your own land, count on the same high quality from Ameri-Star. We have set out to exceed all your expectations of integrity, affordability, and customer satisfaction. Build lasting memories for years to come with Ameri-Star Homes.