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Building a Home

How to Cope with Home Build Costs Volatility

Published on:

5/05/21

written by:

Carrie Barker

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Oh my goodness … can we just talk about the home build costs volatility happening lately?!

Are you feeling just a little bit (ok, a *big* bit) discouraged because the construction materials and supply costs (especially lumber 😫) are so ridiculously high that you need to postpone your home build until the costs normalize? 

You are not alone, my friend!

Several members in my ‘Building Your Foundation’ Program (BYF) are putting their home build dreams on hold right now. 

However, just like I tell my BYF members, I don’t want you to feel deflated and feel like you’ll never get the opportunity to build your dream home. You WILL … it just might be a little delayed :). 

Soooo… what can you do in the meantime to cope and still work toward your dream home goals? The answer is simple: PLAN, PLAN, PLAN!

This post is for you IF you are still in the preparation phase of building and haven’t yet broken ground. If you are already in the thick of building your home right now, then the rest of this blog post won’t help you out very much. Sorry!

how to cope with home build volatile costs

I wish I had a crystal ball and could predict when construction pricing will go back down (especially lumber), but obviously, I can’t predict the future.

However, I do believe that this volatile pricing is yet another unfortunate result of the global pandemic we’ve been living through for over one year now.  And now that we’re starting to slowly resume (semi) normal life, hopefully, pricing will go back down.

In the meantime, please know that you do NOT have to fully give up on your dream home while you wait for pricing volatility to normalize. You can continue to keep moving forward amidst the cost chaos. 

How can you continue to move forward? By PLANNING for your future dream home.

PLAN FOR YOUR HOME BUILD

There is SO much that goes into planning for your home build. By continuing to move forward with your home build preparation and planning, you’ll be ready to go full force and start building your home as soon as the pricing is right again.

Believe me, the more you plan BEFORE you break ground, the more likely you’ll end up with a home that you absolutely love (i.e. with no design regrets and without blowing the budget).

You might even find that your must-haves and vision for your home change as you put more effort into your home build planning.

I have several members in my BYF Program who are putting their builds on hold for a year or so, but they express how grateful they are for all of the strategic planning they are doing in the meantime.

If you aren’t ready to give up on your dream (I highly recommend that you don’t!), and you want to continue moving forward toward your goal of building your dream home, I encourage you to dive deep into planning your future home.

A great place to start is to download my *FREE* Custom Home Build Prep Guide and learn the five crucial steps to build your home with less stress, more confidence, and without going over budget :).

  1. Logan says:

    The volatility during the build has been unreal! We had to order doors not knowing the price. Can’t wait for the sticker shock when they arrive onsite! 😳 But, at least we knew which doors we wanted, thanks to the BYF program, and were able to get them ordered as soon as we broke ground so they wouldn’t cause any delays!

  2. Jennifer says:

    I just had a conversation with a professional

    I just had a conversation with a guy who’s going to be drawing up our home addition/ exterior update.
    Sadly, prices are up because demand is up. There is lumber. Not a shortage at all! Goes back to our high school economics class. I did hear on GMA that hopefully this fall, prices should come down.
    I agree with you though, I’m using this time to plan,plan,plan!

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