The Bailey Team Real Estate ? Super storm Sandy will increase cost ...

Our hearts go out the the residents, and businesses, on the east coast that have been devastated by Super Storm Sandy. It?s difficult to imagine the hardships being endured in the aftermath of the storm.

The rebuilding process there is about to get underway, and will be going on for many months, if not years. This will create a huge increase in demand for building supplies. So, look for a huge increase in the cost of building homes nationwide.

Twin Cities home builders anticipate an increase in their costs by as much as 30% yet in 2012, throughout 2013, and possibly into 2014.

Home builders here in the Twin Cities have already seen an increase in construction costs due to the increase in demand for building supplies caused by the oil boom in North Dakota.

If you?re looking to build a home here in the Twin Cities, contact us here at the Bailey Team. We?ll help you determine if building a new home is a good fit for you, and find the best deals!

This entry was posted on Sunday, November 4th, 2012 at 11:13 am and is filed under Housing Market Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Source: http://thebaileyteam.net/2012/11/04/super-storm-sandy-will-increase-cost-of-building-new-homes-here-in-twin-cities/

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