Building Time in Albuquerque is Now
Author: John Kaltenbach; Published: Oct 10, 2013; Category: Albuquerque, NM new home construction; Tags: Albuquerque, builders, contractors, home building, house, new home construction, New Mexico, NM; Comments Off on Building Time in Albuquerque is Now
Why the Time to Build a New Custom Home in Albuquerque is Now
New homes in New Mexico won’t be any more affordable in a year or two. Potential homebuyers who are waiting for costs to come down before building might want to reconsider. The fact is that the past year’s rise in new home prices will most likely continue. While higher interest rates and a weak dollar could play a role, the biggest factors will likely be the most basic ones of supply and demand. Albuquerque and the rest of NM are not any different for custom home building than the rest of the country. The bottom line is that while getting into a new home may be more expensive than it was two years ago, waiting for prices to come down is a roll of the dice. Anyone considering building in the near future would be well advised to do it sooner rather than later.