As you may know, the housing market we are in today is very different than any other time in history. In my 40+ years in real estate, I have never experienced anything like what we are facing today. I want you to know that we are working closely with our vendors and teams to ensure any setbacks and delays are minimal.
Attached is an article published by the Associated Press on September 23, 2021 that fully explains these trying times and gives some insight into the current housing market.
Below is the article, or click here https://apnews.com/article/lifestyle-business-economy-home-sales-prices-34a4cc778edd0c71b5a76f106a48ca54
Inflation Forces Homebuilders to Take it Slow, Raise Prices
By ALEX VEIGA September 23, 2021
LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders.
Rising costs and shortages of building materials and labor are rippling across the homebuilding industry, which accounted for nearly 12% of all U.S. home sales in July. Construction delays are common, prompting many builders to pump the brakes on the number of new homes they put up for sale. As building a new home gets more expensive, some of those costs are passed along to buyers.
Across the economy, prices having spiked this year amid shortages of manufactured goods and components, from cars and computer chips to paint and building materials. The Federal Reserve meets this week and officials’ outlook on when they might start raising interest rates could indicate how worried the Fed is about inflation.
The constraints on homebuilders are unwelcome news for homebuyers, already facing historically low levels of resale homes on the market and record prices.
For the 6th year in a row, SEDA New Homes was voted Best Local Home Builder in the Florida Times Union Bold City Best consumers’ choice competition.
“We would like to thank our SEDA family of homeowners, hardworking subcontractors and dedicated employees who have all make this possible,” says Linda Semanik, Vice-President of Sales at SEDA New Homes.
Their dedication to delivering superior customer service has propelled SEDA New Homes to one of the largest locally owned home builders in the Jacksonville area, with communities located in Duval, Clay, St. Johns and Nassau counties. They are also one of the few home builders who will build their plan on your land.
SEDA New Homes celebrated National Bring Your Dog to Work Day on June 23rd. The holiday began in 1999 in order to celebrate companion dogs and encourage adoptions.
“Our dogs, Callie, Sasha and Rob Roy are a big part of our
family,” says Linda Semanik, Vice-President of Sales at SEDA New Homes. “We
wanted our SEDA family of employees to enjoy spending the day with their furry
Nine SEDA employees participated with a total of 13 dogs at the office on that very happy, tail-wagging day.
“Dogs have always had a special place in our heart,” says Semanik.
Over the years, the Semanik family has shown their love for canine companions by rescuing dozens of dogs and giving them a forever home.