Yesterday on the front page of the Business section in the Dallas Morning News, an article was finally written regarding an issue that builders have been mentioning to me for the past month or two.
Where are the workers?
The lack of construction contractors is greatly affecting the builder not only with the completion of homes, but also the price of the homes. The stated completion date of homes is being pushed back not for weather issues or inspections, but for just the actual construction of the homes.
The past month, KHOV has increased prices $10,000, Landon from $6,000-$14,000, Toll around the same and Darling $10,000 and anticipating another $10,000 October 1st!
This along with slowly rising interest rates is creating a tremendous amount I new contracts in Frisco and it doesn’t look like there will be a slow down.
And the article right underneath the lack of contractors article was an article highlighting Richwoods in Frisco with their record breaking sales!
For more info contact Brad Holden at (469) 733-2723 for more info on all of the new developments in Frisco.
And do not miss out in the only 4% Total Rebate program that Brad is offering until the end of the month. For more details visit Holden Rebate
Brad Holden – Holden New Homes – Licensed Texas Real Estate Broker