One of the challenges from the pandemic that the US economy can’t seem to shake is supply-chain shortages. From shortages of lumber and appliances to shipping interruptions, many sectors of the US economy simply haven’t been able to keep up with consumer demand. How does this affect you, and what can you do?
How economy-wide supply-chain shortages affect you
For much of the year, historically high lumber prices have been a challenge for builders. Fortunately, prices continue to fall and stabilize. As of this writing, the cost of 1,000 board feet is right around $375. That’s well below the historic highs we saw in early 2021 and early 2022.
However, appliance shortages and higher-than-normal prices, caused in part by inflation and semiconductor shortages, will likely continue throughout 2023.
Why does that matter? Because it has a ripple effect that can affect your ability to close. Without appliances, it’s challenging—even impossible—to obtain a Certificate of Occupancy (CO). If you can’t get a CO, closing on the home may be more difficult.
What can you do in the meantime?
For now, the best strategy is to have a strategy. While there is an appliances pinch, it’s not like the toilet paper shortage of March 2020. Appliances are still out there, and it’s a matter providing without stockpiling.
Continue to provide a 2-10 HBW Structural Warranty
As the appliances shortage eventually wanes, your buyers will expect that their homes work the way they’re supposed to. A structural warranty from 2-10 Home Buyers Warranty (2-10 HBW), can help you address that want.
When you provide a 2-10 HBW Structural Warranty, you’re also telling prospective buyers several important things.
- You’re safer when you buy from me because I work with the industry leader in structural coverage.
- You get peace of mind knowing that I’m committed to building a quality home, and I back up my commitment to quality with a structural warranty.
- You’re making the right decision buying from me because if you were to have a structural issue, I have the best available solution.
2-10 is working hard to serve you the right way
Economy-wide supply shortages are tough, but they aren’t permanent. As we all weather this storm, 2-10 HBW will continue to work hard to help you do what’s best for your clients and reputation.
Learn how you can protect your business and add valuable selling points to your new builds with a 2-10 HBW Structural Warranty.