Residential Construction in a worsening economy

Changing Times in the Residential Industry

In times like these it seems strange to think that the Residential Market was bustling just a couple years ago. Anyone in the residential field with a little skill could make money. Now everyone is fighting for the slightest little job. Builders are becoming much more flexible and sub-contractors are working for less money just to stay busy. It seems that those in the residential market have seen their worlds turned sideways.

With this dramatic change, many prospective home owners may be wondering: Will there be a good time to build in the near future? Will financing be available for my project before the end of the year, or even next year?

These questions are valid and the answers are unknown. All analysts can do is guess at what will happen. Some analysts seem to think that the market is leveling off and not declining. The signals are mixed, however, with a growing National debt and no sign of bank financing relief; contrasted with an optimistic community and stimulus money going out a wide open door as in the dead of winter. Most people seem to agree that things will improve, the questions is when?

A new point of view if you were considering building a new home

While the market is flat and the money is tight, especially with the banks, it may actually be a good time to start planning your new project. For example, right now, while the industry is slow, there is plenty of time to work out all the kinks of your design. By starting the design process of your new home now and not waiting for the market to change, you will be working with a designer who has the time to work with you. The focus will be on you, not you and twenty or so other clients. Also, designers are more likely to work with pricing structures and corporate restraints that might other wise hinder progress, such as permitting assistance, consulting, and payment plans.

If you have been on the fence about a New Home project, maybe it is time to get down off the fence and start putting your dreams down on paper using a qualified designer.

If you have any questions or would like to talk about the possibilities of building a new home, then call me, Kevin Arnold of Custom Your Way Home Design at: (360) 264-4220 or email me at: customyourway@homtail.com. Visit my website at:
www.freewebs.com/customyourwayhomedesign