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You are here: Home / General Real Estate / What do Harvey and Irma mean for you and having your new home built?

September 6, 2017 by Irene

What do Harvey and Irma mean for you and having your new home built?

As Irma heads to Florida, Houston is in the early stages of picking up the wet pieces and trying to look forward to sunshine filled and dry days.  

One area that is affected nationwide after a disaster like major Hurricanes is building supplies.

Building time frames will get longer in Arizona, and other states not affected by Harvey and Irma.   

Suppliers prioritize their materials to those locations hit hardest. (and it is mandated by the government that they do)  Builders in other areas and states have delays in their construction due to lack of materials.  This also means that the builders don’t require as many employees to just hang around and wait to swing their hammer.  The combination of lack of materials and fewer on hand workers result in delayed construction build times.  

If you are already contracted with a builder for your new home, plan on your closing date being pushed out.  If you are about to have a builder start your home, and they previously informed you of a 5-7 month build time.  That just got extended to 7-9 months.  

The builder purchase contract has a clause to allow them up to 2 years to get your home built.  Now they don’t want to take that long, but they have the right to.  That clause exists for times like these.

Many of the construction workers will leave states where they have resided and move temporarily to the areas that have been ravaged by nature.  Creating another challenge of not enough construction workers available when the supplies are once again readily available.  

Our prayers and donations are directed to helping so many recover from unimaginable loss.  

 

Filed Under: General Real Estate Tagged With: active adult communites, Arizona, build time, home sales, housing market, new build, New Construction

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Irene Hammond, SRES, e-Pro

[email protected]

480-788-0171

eXp Realty Arizona

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Irene A Hammond, e-Pro, SRES
REALTOR, Author
Call or Text me
480-788-0171
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eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ 85382


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