new home builder

Will Soaring Home Building Costs End Up in Consumers’ Lap??

Lumber Prices Are Through the Roof, Punishing Apartment Builders.” —The Wall Street Journal (5/25/2021). [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Home builders nationally are facing soaring costs....
Read More

Doing Due Dilgence on Small Home Builders

Back to the Future You’d think — in an age of online everything — that it would be easier, not harder, to do due diligence on new home builders these days. Especially small home builders, who may only build a handful of homes a year, and (still) dominate the industry. Unh-unh. As recently as five years...
Read More

True or False: Buyers Can Safely Waive an Inspection on New Construction

Four Reasons to Inspect No one has a new car professionally inspected before they buy it (though they likely take it for a test drive — or three). Why pay several hundred dollars to inspect a brand-new home? I can think of four reasons: One.  To get a professional’s assessment of construction quality. A good Realtor...
Read More

Forest Fires and New Home Construction

After the Deluge:  New Growth Maybe new home builders have always been young. But, they sure seem a lot younger these days. At least anecdotally, it appears that many older, established new home builders got out of the business following the collapse in new home construction starting in 2006. As new home construction has picked up...
Read More

Housing Trend 2010: Grand(er) Entries

From More Square Feet to More Volume, Cont. I’ve discussed previously the trend toward homes not necessarily with more square feet, but more “volume” (higher ceilings, more and larger windows, wider stairs and halls, etc. — see, “Not More Square Feet, More per Square Foot“; “Cranking Up the Volume“). That trend applies to the exterior...
Read More

Home Buyer Incentives Multiply

“$5,000 here, $10,000 there”To paraphrase a *famous quote, “$5,000 here, $10,000 there, and pretty soon you’re talking about real money.” In this case, the money consists of incentives offered to first-time home Buyers. New home builders have been offering Buyer incentives for quite some time (upgraded finishes, discounted loans, plasma TVs, etc.). However, now government...
Read More