As the U.S. housing market slowly rebounds this year, lumber prices have soared nearly 50 percent in 2013, the biggest annual gain since 1993. Naturally, this means increased building costs for manufactured and modular home builders, and this cost is often passed along to consumers. Unfortunately, Frank's Home Place is not exempt from this trickle-down effect. As early as March 1, 2013, we are already seeing subtle price increases from our home builders as their costs for lumber, insulation, concrete and other building supplies increase. And while all this may seem negative on the surface, beneath the surface it signals the beginnings of what everyone has been so patiently waiting for so long - an economic housing recovery!
Like many other industries, such as the oil industry, the housing industry is true to customer supply and demand. When consumer demand is low, prices are low; and when demand is high - costs increase as well. According to a report on usnews.com, the Pending Homes Sales Index, a forward looking indicator based on contract signings, increased 4.5% in January, from December, and 9.5% from January 2012. And with home interest rates at historically all time lows, and an up-tick in job growth, the demand for housing has shifted the supply/demand tables back in favor of sellers in much of the country. With existing housing starting to liquidate from the market, the demand for new homes may once again start to rise, and along with that, rising building costs.
Even with rising building costs, Frank's Home Place is dedicated to being competitive with other dealers, and saving our customers as much money as possible when purchasing a new manufactured or modular home. That's why we are making this special LIMITED TIME offer:
For any customer who puts a NEW home under contract with us during the month of March, we will honor and guarantee the contract price, regardless of any price increases during the construction phase of that home. This will protect you from any unexpected and costly price increases while your new home is being built. After March 31, any new home contracted will be priced at the higher 2013 prices. (This is a limited time offer and only certain homes are eligible for this special sales offer! Ask one of our friendly Registered Housing Specialist for details!)
The NAR (National Association of Realtors), predicts about 5 million existing homes to be sold in 2013. As that inventory dwindles down, the demand for new homes will hopefully rise and give a much needed boost to the housing industry, but also raise building costs for stick built AND manufactured home builders alike! Now, more than ever is an opportune time to buy a NEW home from Frank's Home Place and save money BEFORE this demand causes even further price increases! Come by and see us today to get YOUR dream home at the best price possible!!