The Building Material In Shortest Supply Right Now
Q: My wife and I are buying a new home. Initially, the builder said we could make adjustments to the appliances we were getting installed but now he says that’s not possible. Kyle, Carlstadt, NJ
A: More than 70% of contractors recently surveyed said they are facing at least one material shortage. Lumber was the most-cited material shortage, followed by electrical supplies.
To keep construction projects from stalling, many builders and suppliers are limiting customer selections and requesting that clients make all selections up front. Some contractors are also eliminating homeowners’ ability to do change orders on their builds. Unfortunately, the supply chain issues that are the source of the problem will likely continue into 2023. Thanks for your question, Kyle.
For more real estate tips and information visit my blog at geraldlucas.com.