Current Build Time: Our current build time is 10 – 12 months from point of sale to complete. This longer build time is due to a nationally felt shortage of materials, construction workers, and an influx of people wanting to build.
Starting Prices: To see the starting prices by community, please click here. Please know we are experiencing a rising cost environment due to the costs of materials nationally. Our prices change regularly and without notice.
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Eastbrook Homes is dedicated to providing our customers with the latest in new construction updates, as well as how Eastbrook is serving buyers through these changing times.
So far, 2021 has proved to be very promising for the new construction homes. With historically low-interest rates, people can build more home for the money!
The National Association of Realtors expects mortgage rates to hit an average of 3.1 percent this year, up only .1 percent over the already historically low 3 percent in 2020. In contrast, the Mortgage Bankers Association believes rates will average 3.3 percent this year.
However, there are some lingering after-effects from Covid-19 and its impact on every industry. The housing industry and builders have been affected as much as anyone else.
If there is one disruptive issue new home builders are facing everywhere across the country, it’s supply chain disruptions.
With lumber prices hitting all-time highs in 2021, new home prices have seen the effects of the rising costs of building materials.
We are also seeing delays and shortages in other supplies and materials, but we’re working through all of it. In fact, we are making sure communication is one of our top priorities, so you are in the loop at every stage of your new home project.
The bottom line is, we’re working through all of the challenges and changes on our end, so you don’t have to. Through our Eastbrook Building Process and our relationships with local and national vendors, we do our very best to bring cost savings and timely milestones to your new home project.
No Construction Loan
Simply get Pre-Approved with one of our preferred lending partners and Eastbrook will carry the costs of your new construction until your home is complete, so you can save on interest payments and focus on the things that matter most, building your dream home.
Maximum Financing Approval: Many buyers tell us they wish they had allowed for their maximum approval amount, especially when they see all the features in the HCS. Being prepared with your max budget will also help keep the process on track and reduce delays. Contact your Preferred Lender or Sales Agent for more information on this.