Covid-19 has affected every aspect of our lives, especially in housing. Businesses have been shut down completely or temporarily, causing shortages in product availability. Our Kit and Skyline manufacturing factories have protected their employees by closing and cleaning several times.
The building industry has been hard-hit as lumber, roofing, sheet rock, insulation, flooring and other housing component prices have sky-rocketed in the past 6 months. The factories have added a “Material Surcharge” to cover these increases. Customers that were not ready last spring are shocked at the increases when they come back now to get started. Some things to ponder:
They aren’t making any more land. More building means less land available. Many “Parks” are full.
Summer fires destroyed thousands of acres of trees. Lumber prices will continue to go up.
Some suppliers will not recover. Selection and availability will be limited, raising prices, causing delays.
Kit and Skyline will continue to protect employees by closing and cleaning, delaying deliveries.
Site development costs will also rise for all the above reasons, besides the difficulty of Permit Departments, Inspectors, Appraisers, Septic Designers etc., working sporadic hours and not being available.
Every part of your project: House, Land, Development will cost more going forward than if you act now.
Interest rates are still historically low. You can borrow more money and have a lower payment. Limit the increases by moving forward now. If you need more room for a growing family, or want to downsize, this is the time to act. Waiting will make every part of the process more difficult and much more expensive. There will never be a better time to have a beautiful DeTray’s custom home for your family. Begin now. Enjoy the home sooner and relax, no matter what lies ahead. DeTray’s Custom Housing is offering a $500 discount with your deposit to start before January 15, 2021! Let us help you “Live happily ever after” in a beautiful DeTray’s home.
Lora Whitemarsh
Housing Consultant
DeTray’s Custom Housing