You’ve heard it a million times: affordable housing prices and historically low rates are making this one of the most affordable times to buy a home in 20 years. It’s making national headlines, but what does it really mean for your own personal economy?
Promising Housing Markets: OH, PA, IN, WV
As many housing markets nationwide are still finding their legs, we at Wayne Homes are proud to be building in markets that are consistently recognized as some of the best markets for buying a home in the country. Housing sales (and prices) are increasing steadily in Ohio, Indiana, Pennsylvania, and West Virginia. This means that existing homeowners may find that it’s a good time to sell and build their dream home, or that first home buyers can get more home for their money than at almost any other time in recent history.
The Downside of an Upswing Economy
But with all of the good news about a housing recovery, there are drawbacks as well. As the economy strengthens and there is an increased demand for goods, construction costs rise in conjunction with higher gas prices. In response, builders need to raise their prices to cover the increased cost of doing business. This upward trajectory can impact home prices month after month for years to come, shrinking a homebuyer’s purchasing power. This can translate to a smaller home, smaller lot, or less desirable location for buyers who wait six months to a year to take advantage of today’s housing market opportunity.
Why Custom Homes Offer Value
In the past, many homebuyers have considered building a custom home to be too difficult and too expensive, but the economy has changed that. The average length of time that a family stays in their home is up from six years to nine years (source). This makes it more important than ever for homebuyers to build the exact home that they want, and one that will meet the changing needs of their family over time. Today’s low prices and interest rates mean that you can design your dream home, on your budget. At Wayne Homes, we make building a custom home easy with interactive floor plans, five star customer service, and more than 40 floor plans to choose from with prices starting from the $80’s.
Last Chance Pricing: Price Increase Effective May 1
Here at Wayne Homes, we take our commitment to providing exceptional experiences at an affordable price seriously. Despite rising gas prices and other costs, we have held pricing below market since xx. However, as the costs of labor and materials increases, we made the difficult but necessary choice to raise prices, rather than to compromise our standards for quality. Our new prices will be effective May 1.
Boost Your Own Economy
It’s not too late to take advantage of today’s lower pricing before May 1. Visit an open house this weekend to speak to one of our Sales Associates for more details on building your own custom home. View open house locations or Ask Julie via Live Chat or by calling (866) 253-6807.
Wayne Homes is a custom home builder in Ohio, Pennsylvania, Indiana, Michigan, and West Virginia (see Sales Office locations). We offer 40 fully customizable floor plans and a team dedicated to providing the best experience in the home building industry. For more information, Ask Julie by Live Chat or call us at (866) 253-6807.