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Ok_Slide_4626 t1_j4mhvso wrote

Reply to comment by Accomplished_Scar717 in So buying is unaffordable...what about building? by thebaerfetus

Wow that’s ridiculous

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escobert t1_j4mudst wrote

That's how it is now. Materials haven't come down a ton from the pandemic and now inflation.

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cec772 t1_j4n1g1l wrote

Not entirely true. Wood has returned to pre pandemic levels, although im sure the suppliers still want keep the prices high.

Source: https://www.nasdaq.com/market-activity/commodities/lbs

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FourteenthCylon t1_j4naca4 wrote

Lumber has gotten back down to a reasonable price, but everything else is more expensive. Drywall, insulation, fixtures, flooring and paint are all 25-50% more than they were in 2019. That's at the regular prices. Worst of all, Lowe's has gotten a lot stingier with their clearance prices. I remodel houses for a living, and my overall material costs have gone up by well over 50%.

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Icy_Brother_1 t1_j4o4kfg wrote

Is not the materias. Labor specifically in the east coast is ridiculously expensive. Moved from Texas and a contractor in Texas costs me 1/4 of what costs me in the East Coast plus way better work. I have never seen uglier, poorly constructed houses and overall bad construction work than in the East Coast. You guys need to get your shit together.

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FourteenthCylon t1_j4oc92u wrote

I do almost all the work on my houses myself, so for me, a 50% increase in the cost of materials means almost a 50% increase in all expenses after property taxes, realtor's fees and closing costs. If you want to buy a house with a quality remodel job I'll be selling one in a few months, or I'm sure Texas will welcome you back.

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Icy_Brother_1 t1_j4qomrc wrote

I got my house but I paid over a million for a decent built house. The east coast has been very disappointing so far.

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ceiffhikare t1_j4pnkxc wrote

Yeah we could really use a super long border with a nation that was desperate for resources to drive down our labor costs up here for sure!

Says every profiteering POS in the state.

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Icy_Brother_1 t1_j4qogcb wrote

Lol I can hear your whitness. I have no problem with a more expensive work but well done. All contractors that I saw their work was badly done, No pride on their craft or anything plus was 3 times more. U guys should demand more value for your money. Mexico is not responsible for contractors in the East coast not being able to do the work and feeling entitled. Lol 😆 😆 😆

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ceiffhikare t1_j4qp8vp wrote

My whiteness? LMFAO my dude im a transhumanist..the color of the shell dont matter a bit to me.

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d-cent t1_j4nanwg wrote

There is much more to materials than the wood.

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Key-Understanding770 t1_j4ni8m5 wrote

Framing materials are back to pre-pandemic levels. All other sub-trades continue to see price increases. Labor cost is higher due to demand and lack of new (young) labor coming into the trades. Couple that with high development costs in Vermont along with an energy code that continues to drive up costs. There is no affordability for new homes. Without permit reform and a streamlined process the cost of building won’t come down.

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