These are unprecedented times. COVID-19 has turned the lives of many upside down, and the building industry has also been affected. Wayne Homes has taken the stance of being cautiously optimistic that the economy will recover and life will return to normal…however, we have a long way to go until that will happen.
Here are the ways the homebuilding industry has been impacted by the pandemic:
- Builders are experiencing material shortages due to manufacturers being temporarily shut down or fewer crews at work. Although manufacturers are now beginning to open, it will take some time to catch up.
- There are very low numbers of existing homes on the market, so building has become a popular option. Combine that with the lowest interest rates in years, and building numbers have gone through the roof.
- Crews and manufacturers are raising their prices due to their high volume of work, so, in turn, we also have to raise our prices.
What does that mean for you?
As of July 20th, 2020, we will increase our home prices. No one likes to raise prices, but due to these unique economic circumstances, we simply have to. The good news is that historically low interest rates are making it easier for homebuyers to afford even more home for their money, so the numbers may work in your favor. As always, we are committed to providing the best value for your hard-earned dollars, so please contact us and let’s talk about what’s possible. We will work together to determine your budget and help design a home that’s right for you.
This pandemic has shown us all the importance of home, and we are honored to be your partner in developing a home that’s a safe haven for your family, now and in the future.
Contact us today to lock in the lowest home prices, and get started building your Wayne home.
About Wayne Homes
Wayne Homes is a custom homebuilder in Ohio, Pennsylvania, Michigan, and West Virginia (see all Model Home Centers). We offer over 50 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.