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Monday, February 21, 2011

2011 Home Building and Remodeling Outlook


The past several months have been an economic roller coaster for many and have brought trying times for all. We have been fortunate to have weathered the storms both natural and economic and hope you have as well. The economic ebb has provided the opportunity for you to be able to move forward with your new home, remodeling projects, or restoration in ways that were not available last fall and probably won't be available in the future. While market prices for materials continue to fluctuate most materials prices are still low but may rise significantly throughout the year due to increased oil and gas prices and inflation. Building lots are still available for 50% less than in the past but the existing inventory of lots is being bought up and prices may start creeping up as the inventory continues to diminish.
New home projects are now more cost efficient than they have been in the past several years. The price of materials has dropped to more reasonable rates and labor rates have also dropped with the lower demand on contractors’ time.
Many builders and remodelers have closed their doors and/or shifted their market focus over the past several months. At Harper & Company we have taken the time to expand our resources and increase our capabilities to better serve our clients and their needs. We have teamed up with suppliers, subcontractors, and real estate professionals who provide excellent service and value for their products.
We have teamed up with suppliers who are committed to provide the best materials for the best prices on the market. Rocky Mountain Power and Questar Gas are still providing significant rebates for improving your home’s energy efficiency. We have also teamed up with EnviroWise Consulting to provide Energy Star certified projects for our clients.
Add these factors together and this spring is one of the best times to build a new home, add an addition, remodel your kitchen, finish your basement, or restore that old brick bungalow you love.

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