This is a YouTube video titled "💫 Price Escalation Clause 💫" containing a dialogue between two speakers discussing the impact of price escalation clauses in new home construction, focusing on lumber scarcity and its effect on final home prices and buyer stress. The content was created in July 2021 and addresses real estate and lending considerations for homebuyers.
Last week we talked about the record amount of new homes.
Being built across the country right now.
And in more developing news that, almost 50% of builders across the country are adding in a.
Price escalation clause.
That's subject to the final cost of lumber, which is a growing concern because lumber is very scarce across the country.
Right now and.
It continues to grow. So what that means is many homeowners are finding out that final price of their new home within two weeks of.
Closing, which.
Just makes for a very stressful finish. This is why it's so important to have the best real estate and best lending options in your corner when buying your new home. That could be the make or break on how stress free.
Your process is.
Last week we talked about the record amount of new homes being built.
