2022 Trends for Home Builders: What to Expect

2021 was an eventful year for home builders as they rose to meet an incredible demand for new construction. Adapting to the rising cost of materials, labor shortages, and the evolving needs of buyers, there was never a dull moment. What can home builders expect in 2022 and how can they pivot to make the most of the rest of the year??

Give a slice of the suburban life

Even in a post-COVID world, families that learn and work at home will continue to seek more space in larger suburban properties. Home offices, quiet places to learn, larger yards, and family-friendly communities are in high demand. If you build it, they will buy it.?

Interest Rates and Inflation might rise together

Historically speaking, interest rates are still doing well; but with rates sure to keep rising and inflation keeping pace, we may yet see home prices continue to rise. This will push some buyers out of the market, or make them less able to sign without a guarantee.

Higher material and labor costs will persist

Internationally sourced materials and locally sourced labor are still expected to be a pain point. You should expect to keep your selling prices high to absorb the price increase.

Automated tech solutions are on the rise

Whether you're a new builder or have a portfolio of new constructions, automated management platforms like Backflip and Baselane can serve a diverse range of real estate needs. The rise of these platforms makes room for the experts who know how to navigate these waters and provide the best solution for your team and your clients.