Australia’s building and construction industry has been severely impacted by rising inflation, with suppliers unable to hold pricing throughout 2020 and 2021. Since 2020, the building industry has struggled as builders deal with surging materials costs, worker shortages, supply chain delays, and interest rate rises.
So what is currently happening in the building industry? What role do we play as designer home builders on the Sunshine Coast?
Demand for new houses Australia-wide has fallen but remains strong, with many new homes being built for families. Although there is no end to the challenging sector environment, pricing stability is nowhere near as volatile as it was at the beginning of the pandemic. Families on the Sunshine Coast can now build their new homes without the stress of potential delays or added costs to their dream homes.
As a custom home builder on the Sunshine Coast, we have built solid and loyal relationships with our team and suppliers, allowing us to perform to deadlines and produce high-quality products. We are honest and transparent throughout your project and ensure you know what is happening behind the scenes. We don’t add on additional costs and ensure we stick to your desired plan, so you get the home you have dreamed of.
How are prices stabilising?
Although news articles and the media suggest otherwise, as we move further into the second half of 2022, there has been a decrease in supply chain demand as global consumption eases. This is also set to continue into 2023. The ease in supply-demand will normalise manufacturing and supply chains, stabilising material prices. Thus, stabilising the pricing for new homes. At Pacific Blue, we are transparent about your new home project. We make sure you are aware of what is involved, what is possible and what it may cost so that additional expenses are not added on.
If you’d like to learn more about price stabilisation specific to your build, give us a call today to receive an all-around consultation with our experienced team.