New Homes in Houston TX by Long Lake

Increasing Housing Material Prices

The cost for home building materials has increased.  The cost of materials accounts for one third of a new home’s selling price.  When the costs of materials increases at 10 percent, the price increase per house is equivalent to $8,500.  However, in the current conservative appraisal environment the price increases are not always possible.  Two recent NAHB surveys highlight the …