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Market Transparency

Eastbrook Update

Open Houses: Come visit us in our model homes to get a personalized tour and information on building or buying with Eastbrook Homes. For information on Open House dates and times, please visit our Available Homes pages or the Community Page that you’re most interested in. We look forward to seeing you there! 

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. 

Please continue to check back!

Market Insights

Lender 2022 Forecast

One of our Preferred Lenders, LMCU, provided this helpful forecast:

MBA’s (Mortgage Bankers Association) baseline forecast is for mortgage rates to rise, with the 30-year, fixed-rate mortgage expected to end 2021 at 3.1% before increasing to 4.0% by the end of 2022.

“Mortgage lenders and borrowers should expect rising mortgage rates over the next year, as stronger economic growth pushes Treasury yields higher,” said Fratantoni.   Robust homebuyer demand from millennial households, households seeking more space, and still-low mortgage rates are favorable tailwinds for the housing market in 2022 and are behind MBA’s expectations of record purchase originations over the next two years.

“2022 should be another strong year for the housing market. Home builders will have more success overcoming current building material shortages and should be able to increase the pace of construction to meet the sizable demand for buying,” said Fratantoni. “More newly built homes and more homeowners listing their homes for sale should lead to some deceleration in home-price growth next year. This is good news for the many would-be buyers who are currently priced out or delaying decisions because of low supply conditions and steep home-price appreciation.”

Supply Chain & Pricing

As was expected, 2022 brings continued after-effects from Covid-19 on industries across the board. The housing industry and builders have been affected as much as anyone else, possibly more, given the number and wide variety of products that go into a new home.

We are seeing that supply chain disruptions, from manufacturing to distribution, continue to affect new home builders

With lumber prices rising once again, in addition to copper, steel, cement, and resin found in many products, new home prices have continued to increase.

We continue to see delays and shortages in all 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.

The Eastbrook Experience

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Price Lock

Lumber prices are at an all-time high and show no signs of dropping any time soon. However, all our new home buyers are protected by the Eastbrook Guarantee.

With Eastbrook Homes, once a new home buyer decides to sign a non-contingent new home purchase agreement, they are protected from rising costs and expenses on their base home plan and home site. Additionally, once they have selected all of the features for their home, finalize their pricing and submit their deposit per the purchase agreement, the home price will not change. 

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.

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Included Features

When you decide on an Eastbrook floor plan, you are choosing more than just some walls and a roof. You’ll also get features like Moen faucets, air conditioning, and Smart Home technology.

We do offer lots of options and upgrades for buyers who want to add more, or who wish to include different features in their dream home. However, our buyers can build a beautiful home with just the included features and be move-in ready upon completion of their home.
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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.