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> Really the most concerning aspect is that the cost to build new housing has drastically gone up. Any idea why? This is a life plan for my wife and I, we're c

> Really the most concerning aspect is that the cost to build new housing has drastically gone up. Any idea why? This is a life plan for my wife and I, we're currently looking for the right spot of land (~10 acres) and then we hope to start building in ~5 years after significant saving and planning. We're in the initial stages of planning out our floor plan/etc, and costs are high, but we haven't really noticed a huge difference between building and buying. .. but i suppose we also aren't far enough long that we're getting real price estimates either.

mywittyname 5y ago
There's a large gradient between "custom" and custom. Modifying an already designed home is so much cheaper than something from the ground up. As in, thousands vs tens of thousands. Depending on where you live and what you're building, that's a decent % of the total cost of a house.
UncleOxidant 5y ago
Lumber, materials, labor. Homebuilding needs to be disrupted with more automation, use of cheaper, sustainable materials (3D printed concrete, for example).
abcc8 5y ago
Here is the link to a very interesting reddit post about the various reasons for the increase in the price of wood: https://old.reddit.com/r/investing/comments/stwrnr/ive_documented_every_major_reason_lumber_has/ https://old.reddit.com/r/investing/comments/stwrnr/ive_docum... While the post is worth a read, the TLDR is that there are multiple issues, each of which could seemingly independently be the source of the increase.
yardie 5y ago
From what I heard, from an architect friend, the difference in price between a builder and custom home is 10% premium. Because whatever economy of scale saved by the build is taken up in profit. To the buyer prices are just about the same. And conveniently, the commission for an architect is also 10%. So if you can design and self certify you also save a bit.

mywittyname 5y ago

There's a large gradient between "custom" and custom. Modifying an already designed home is so much cheaper than something from the ground up. As in, thousands vs tens of thousands. Depending on where you live and what you're building, that's a decent % of the total cost of a house.

UncleOxidant 5y ago

Lumber, materials, labor. Homebuilding needs to be disrupted with more automation, use of cheaper, sustainable materials (3D printed concrete, for example).

abcc8 5y ago

Here is the link to a very interesting reddit post about the various reasons for the increase in the price of wood: https://old.reddit.com/r/investing/comments/stwrnr/ive_documented_every_major_reason_lumber_has/ https://old.reddit.com/r/investing/comments/stwrnr/ive_docum... While the post is worth a read, the TLDR is that there are multiple issues, each of which could seemingly independently be the source of the increase.

yardie 5y ago

From what I heard, from an architect friend, the difference in price between a builder and custom home is 10% premium. Because whatever economy of scale saved by the build is taken up in profit. To the buyer prices are just about the same. And conveniently, the commission for an architect is also 10%. So if you can design and self certify you also save a bit.