Builders, cost per square foot?

[4 for Boating]

I think at this immediate moment the cost per square foot is even higher than $300. More like $325 to $350. Which I agree - hard to comprehend how someone justify/afford a 2,500 square foot home for ~$875K but such is the case. I wish no harm to anyone or any business but if we do not see some sort of economic downturn or a crash in the housing market where builders are desperate for work (which is NOT right now) we may not see $200 sq/ft for a long time.

[tis]

The cost of rules and regulations adds a lot to the price also-a lot!

[Biggd]

Originally Posted by 4 for Boating

I think at this immediate moment the cost per square foot is even higher than $300. More like $325 to $350. Which I agree - hard to comprehend how someone justify/afford a 2,500 square foot home for ~$875K but such is the case. I wish no harm to anyone or any business but if we do not see some sort of economic downturn or a crash in the housing market where builders are desperate for work (which is NOT right now) we may not see $200 sq/ft for a long time.

The people across the street from me have 500K into a 2400 sq ft rehab.

[joey2665]

Originally Posted by Biggd

The people across the street from me have 500K into a 2400 sq ft rehab.

that’s 200 sq ft for a rehab convert that to a new build and you are way over 300/350 sq fy

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[Descant]

Originally Posted by 4 for Boating

I think at this immediate moment the cost per square foot is even higher than $300. More like $325 to $350. Which I agree - hard to comprehend how someone justify/afford a 2,500 square foot home for ~$875K but such is the case. I wish no harm to anyone or any business but if we do not see some sort of economic downturn or a crash in the housing market where builders are desperate for work (which is NOT right now) we may not see $200 sq/ft for a long time.

In theory, high prices should draw more (builders) into the market, leading to lower prices. At this point, we are paying people, in a sense, to not work, so they aren't moving to other industries. It's like the gov't paying farmers to not plant so that prices will be artificially high.

[joey2665]

Originally Posted by Descant

In theory, high prices should draw more (builders) into the market, leading to lower prices. At this point, we are paying people, in a sense, to not work, so they aren't moving to other industries. It's like the gov't paying farmers to not plant so that prices will be artificially high.

That is a theory that has never really worked in the construction industry. I’ve been in it all my life. Has far as paying people not to work I do not agree with that either in the construction industry. You need skilled tradesmen which are not the people staying home collecting unemployment

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[Descant]

Originally Posted by joey2665

That is a theory that has never really worked in the construction industry. I’ve been in it all my life. Has far as paying people not to work I do not agree with that either in the construction industry. You need skilled tradesmen which are not the people staying home collecting unemployment

Understood. But if we are paying service and tourist/travel industry people to stay home, there has to be some recognition that these jobs will not all come back. Regardless of the pandemic, we need more people in the trades, and we need apprentices as well as journeymen.

[WinnisquamZ]

Originally Posted by Descant

Understood. But if we are paying service and tourist/travel industry people to stay home, there has to be some recognition that these jobs will not all come back. Regardless of the pandemic, we need more people in the trades, and we need apprentices as well as journeymen.

You bring up a good point about the need for apprenticeship and journeymen. NH is difficult for both as I believe they must be licensed as such here in NH. Also, many tradesmen are hesitant in hiring because they get pouched by others once trained. Would like to see something done at the state level to welcome the hiring and training of apprenticeships.

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