Oct 27, 2020
We may be biased, but the Regency Homes team is one of the best around! We’re so grateful for everything they do for Regency Homes and our clients. Recently, we introduced you to Walter, Steve, and Bill. This time, we’re excited to introduce the newest addition to our team; Join us in welcoming Alison to Regency Homes! Alison will serve as an online concierge to our clients. Scroll below to learn a little bit more about her!
A Nebraska native, Alison graduated from Bellevue University. She’s been living in Omaha since 2008 and has liked watching the area grow. In 2015, Alison began her career in real estate. One of her favorite things about working in real estate is learning what customers are interested in and using that knowledge to help them find their dream home.
Alison is excited to be part of the Regency Homes team and enjoys working with clients. She also likes seeing the new home inventory become completed, available, and then sold to happy clients. When she’s not working, Alison enjoys a wide variety of hobbies, including traveling, hiking and sightseeing, sports and training, and spending time with family and friends.
We hope you enjoyed getting to know more about Alison. Be sure to check back for future blog posts showcasing our team and if you have questions about working with Regency Homes, feel free to get in touch. We’d be happy to answer any questions you may have!
Oct 26, 2020
Wondering if now is the right time to buy a new home? While interest rates are some of the lowest they’ve ever been, it’s not the only reason to purchase a new home in 2020. The housing industry has seen significant spikes in lumber and material costs this year.
Rising lumber and material costs are the blame for an increase in the cost of upcoming new construction homes. New and never occupied homes are no different, and supply chain shortages have also contributed to higher pricing for them.
It takes months to design and build a new home. Regency Homes purchases all of our materials before we start construction. When prices go up, we raise the reproduction price of our homes in order to build that home again.
But, there’s still a chance to purchase a brand-new home at the old price. Best of all, you can earn up to $20,000 in instant equity!
So, how does it work?
Regency Homes has five homes available for sale, all of which are listed at the old prices. We purchased materials for these homes before the prices went up, which allows us to offer an affordable option for homebuyers.
We only have 5 homes available for this instant equity deal, so you better act fast!
To learn more about these homes, get in touch with our team. Call or text Alison at (402) 256-5727. You can also see all of our available homes here. We’re looking forward to hearing from you!
Oct 20, 2020
It’s safe to say the coronavirus pandemic has had a significant impact across the board. While the demand for new home construction and remodeling has increased since March, it does pose some challenges. Many industries, including the construction industry, have faced labor shortages and disruptions in the supply chain. In addition, lumber prices have increased drastically. Since mid-April, the cost of lumber increased by 120%.
What’s Causing Lumber Prices to Spike?
Simply put, the demand for construction has caused a lumber shortage. Because the demand is high and supplies are low, prices have increased drastically.
In mid-September, framing lumber prices hit an all-time high at above $950 per thousand board feet. Since then, prices have begun to decline — but at a very slow pace. On October 16th, lumber prices still stood above $750 per thousand board feet.
According to NAHB Now, this decline coincides with actions recently taken by the National Associaton of Home Builders (NAHB). The organization has taken steps to call attention to “the impact that soaring lumber prices are having on the housing industry and to press for immediate action.”
What Should New Home Buyers Expect?
While NAHB is advocating for solutions that adequately address the high cost of lumber and supply shortages, it may take some time for things to get back to where they were pre-pandemic. So, it’s important to plan and prepare for its impact. For example, new builds may experience completion delays due to supply chain issues. When it comes to making selections, try to be flexible and choose materials that are readily available.
Despite the challenges presented, it’s not all bad news. As noted above, lumber prices have begun trending downward. What’s more, historically low interest rates have helped to offset increase lumber costs and many lenders are offering to lock in rates for up to a year.
When you’re ready to get started planning and building your own custom home, get in touch with Regency Homes. Our team of knowledgeable experts will be happy to tell you about our floor plans and the communities we build in, as well as answer any questions you may have.
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