At Classic Homes of Maryland, we’ve always worked hard to avoid and delay inevitable price increases. Since 2017 we’ve only raised our prices once, while many builders do so several times throughout each year.
Unfortunately, the pandemic has created an environment where avoiding increases is no longer possible. A perfect storm of short supply and high demand has caused the price of lumber to sky rocket.
Builders across the country are seeing an average increase of $14,000 – $20,000 in the lumber costs to build a single home. The market for other materials has also become volatile, with vendor’s announcing large price increases without advance notice.
While we are still making assessments of these changes to the market, we do expect to be forced to raise prices in the near future. If you are close to a decision on your dream home, talk to a Sales Manager today about locking in pricing before this pending increase.