Supply chain issues and rising construction costs prove that if you want to build your own dream home, now may not be the right time.
He is one of thousands of frustrated home buyers building during the pandemic. He said the process has been excruciating.
"One of the biggest headaches is trying to plan and budget in designing a house," he said. "And, trying to fit in what you think is going to be affordable, and then finding out that lumber is 100% more than it was when you were in the design phase is pretty frustrating.""The lumber on this particular home right here, when we first bid this house out, it was about $80,000 worth of lumber.
"Every thousand-dollar increase in the price of a new home, no matter how that happens, prices 20,000 Texas families out of the ability to afford that home," Crone said.The Dallas Builders' Association is asking the government to make adjustments."There’s been a tariff on lumber since 2017, and all it’s doing is constraining supply and adding or exacerbating the price increase that we’ve seen," Crone said.
The Dallas Builders Association and others across the country also recommended building one-story homes and making all possible building material substitutions until costs come down.
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