Should I Build a New Home in 2022?

October 20, 2022

It is no secret that the economic interest rate pressures have posed financial challenges in recent times. Inflation, supply chain issues, and more have contributed to a time of pause for many. For those looking to build a new home in 2022, the prospect may seem daunting in the face of economic uncertainty. The truth is that one can still have true insights into today’s economy and find creative strategies to pursue your goals. Here is why you absolutely can build a new home in 2022.

Why You Can Build a New Home in 2022

Improved Supply Chain

The supply chain has been backed up for the past 2-3 years, and it is now that financial experts are beginning to see signs of improvement. Businesses large and small are catching up with demand as the supply chain bottlenecks ease. If you build a home now, you won’t have to wait nearly as long for lumber, insulation, roofing, piping, and many other construction materials to come to the home site as before. At Ameri-Star Homes, the strength of our operation and team has assisted in performing solidly given supply chain challenges.

Stabilizing Prices

Economists agree that the rise of mortgage rates have slowed down the economy in 2022. In recent times, some have affirmed that the mortgage rates have begun to stabilize. These factors have influenced prices as demand has subsided somewhat. The impact is stabilized prices for those looking to build a new home.

Creative Mortgage Options

Despite the challenges that still face future homeowners today, you can still build a home in 2022 when you work with the experts and use creative financing solutions which are in abundance. 

It is helpful to work with a new home building company, which can lead you through the process of design, customization, financing, building, and future maintenance. With proper guidance, you can be introduced to smart strategies to lock in your interest rate at attractive rates below what are perceived as high market rates. In fact, that is exactly what Ameri-Star Homes offers. We also provide ways to save on the down payment and closing costs and eliminate mortgage insurance. Additionally, Ameristar Homes can introduce ways to start your new homes before selling your existing home, thereby eliminating the need to move twice.

The Question is Build Now or Wait?

For the reasons outlined here, our contention is now is the time. Prices have stabilized but will increase as the market rebounds. There are incredibly attractive financing programs that begin with rates well below the rates you hear on the news. The fact is that today’s fixed mortgage rates are still below the 50-year average. Finally, you can protect against any future rate increases with a lock in for a full year while building.  

Let Ameri-Star Homes Build Your New Custom Home!

Ameri-Star Homes was built on the idea that a home is not complete until the homeowner is 100% satisfied. That’s right, completely satisfied homeowners. Whether you want a home built on one of our home sites or on your own land, count on the same high quality from Ameri-Star. We have set out to exceed all your expectations of integrity, affordability, and customer satisfaction. Build lasting memories for years to come with Ameri-Star Homes. 

For more information, contact us today at 410-590-1000 or through our contact page. For more helpful custom home tips, keep in touch with us through Facebook, Twitter, LinkedIn, and Pinterest!