Builder News

Here's Why New Home Prices are Headed UP

If you are in the market for a new home in the Temple, Belton or Copperas Cove areas of central Texas, you’ve probably noticed that prices have been creeping up over the past year.

Those prices have been going up because the costs of the materials used in the construction of a new home have been going up.  But did you know that those costs have been going up MUCH faster than the cost of a new home?

Home builders hate to raise prices.  They do everything they can to stretch their profit margin so they don’t have to hit their local home buyers with a price increase.  They absorb most of the price increases in materials and only pass a part of that cost on to the consumer.   

That’s why you have seen prices CREEPING up instead of increasing in leaps and bounds throughout the year.  

Unfortunately, lumber and other material costs have been going up all year. Take a look at what lumber futures have done over the past year:

Chart Source:  www.calculatedriskblog.com

New Home prices going up in Temple

At this time, the supply of lumber is low and demand is high.  Economics 101 says that low supply plus high demand equals higher prices.  That’s where we are in today's economy..

THE TAKE AWAY

Today, the lumber supplier for Jerry Wright Homes notified us that lumber prices are going to be significantly higher, effective immediately.

If you have your eye on a new home, now's the time to get out there and buy.   You'll save a good amount over homes that are under construction now and in the future.

With this huge “leap and bound” in lumber prices, plus all the costs builders have stretched to absorb in the past year, all new home sales prices can do today is take a pretty good leap upward, too.    

 

The Plains at Riverside - Quick Move In Homes

While more new homes for sale are starting now in the Plains in Temple, we do have two quick move in homes that are ready for you today.

NO HOA in the Plains in Temple Texas!

2920 Crystal Ann is the Dallas Plan that features a fireplace and huge master suite.   You will love the very large living room that overlooks the backyard through a bank of windows.   This room is flooded with light and has plenty of space for large furniture and wall space for a large television.  

2920 Crystal Ann, Temple, TX
4 bedrooms - 2 baths - Fireplace - Granite - Custom Cabinets
     

The Plains in Temple Texas

Get ready to move in before closing!

 

3301 Crystal Ann is the exceptional 1886 Retreat Plan.  This popular plan features a fireplace, an island kitchen and a sitting area off the master bedroom.   The sitting area/flex space provides a spot to get creative as an office, craft room, gaming room, dressing room, nursery.. it's your special retreat in your own master suite.

3301 Crystal Ann, Temple, Texas
4 bedrooms - 2 baths - Fireplace - Granite - Custom Cabinetry

Home  for Sale at 3301 Crystal Ann The Plains Temple tX

The Plains at Riverside in Temple Texas is located in the Belton School District.  

Homes from the low to mid $200,000's.   Jerry Wright Homes assists with closing costs.   Call today to find out more about these Quick Move in Homes!

No Down Payment Required! Homes in Meadows at Creekside

One of the biggest obstacles to home ownership is saving enough for the down payment.  Buyers may have the income to qualify for a loan but are struggling to save enough for a down payment for an FHA loan or a conventional loan.  FHA loans have required a 3.5 % down payment  and conventional loans required 10% or more down payment.    And both these programs require a monthly payment for mortgage insurance, too.

It looks like a change may be coming from Compass Bank, which has committed 11 BILLION dollars to their Home Ownership Made Easy program.  This program provides 100% financing ( with no mortgage insurance requirement) in certain designated areas of Temple.  This means that they will be making loans that do not require ANY downpayment from the buyer.  All the buyer contributes is $500.   The bank and the seller pay ALL your closing costs!

The Meadows at Creekside is located in an area that qualifies for this 100% financing loan.   Interest rates are very reasonable, and it will be a 30 year fixed rate loan.. no funny business or strange terms to worry about.

Call us today if you have been thinking of buying a new home but just couldn't come up with a down payment.  Jerry Wright Homes will help you get in touch with the lender so you can start your loan application.

The Meadows at Creekside is located off Case Road, near SW H.K. Dodgen Loop.

The Plains at Riverside in Temple - We Have Lots!

The Plains at Riverside is expanding into Phase 2, and we have obtained six building lots in this new area.

We were especially excited to obtain four large culesac lots that have plenty of room for larger homes with three car garages.   

The culdesac lots are flat and will have oversize back yards.  The two additional lots on Crystal Ann have no rear neighbors.   

Sales in the subdivision are fairly steady as new buyers discover the area.  There is NO HOA.

The Plains at Riverside is located off Old Waco Road and Pea Ridge Road in Temple West, in the Belton ISD.  If you would like a plat of all building sites, just call or text and we will get that right to you!  254-681-4875

 

Another home in Carriage House Trails is Under Contract!

Stunning Prairie Plan is under contract in Carriage House Trails in Temple  TX.    While this beauty is gone, we have others coming along for summer completion.  We also have building sites in Carriage House Trails if you would like to build.  This striking new home featured:

  • Vaulted and beamed ceiling
  • Ceramic tile in living room and all wet areas
  • Tons of cabinets
  • Island in the kitchen
  • Large dining area
  • No backyard neighbors
  • Sprinkler system
  • Full yard grass sod
  • Privacy fencing
  • Deep cultured marble garden tub  in master
  • Two closets in master
  • Ceramic tiled shower
  • Belton School District

Jerry Wright Homes in Carriage House Trails Temple Texas

Jerry Wright Homes in Temple TX

Carriage House Trails Temple TX

If you would like to live in Carriage House Trails, call us.   You may customize your new home with a wide selection of finishes, including the granite, ceramic tile, cabinet color, paint color, and anything else you would like to tweak.   

Join us in Carriage House Trails, in the Belton Independent School District.

 

UNDER CONTRACT in The Meadows at Creekside in Temple

The Meadows at Creekside

The Meadows at Creekside

 

The Meadows at Creekside is a new subdivision of new construction homes for sale in Temple Texas.   

This area is very close to  shopping, entertainment, dining, hospitals and Temple College.

A very striking Retreat Plan is now under contract, but we have three more homes that are almost completed on Nolan Creek Street.  Check out our featured listings to see more about these homes.    They are all nicely upgraded and we are including the full yard grass sod, sprinkler system, refrigerator, 2 inch wood look binds and the garage door opener.

Affordable Homes Temple TX

Jerry Wright Homes in The Meadows at Creekside also have a one year builder warranty, a two year warranty on systems, and a ten year warranty on the structural elements of the home.  

We are also paying closing costs!!  

Directions to The Meadows at Creekside 

The Meadows at Creekside is just off Case Street in Temple, Texas.   Since this is a new area, it  may not show up on your GPS but enter "Case Street".  It should direct you right to our location.

 

Home Builder Adds Upgrades through end of April!

Buying a home is so exciting and so STRESSUL sometimes!  So, as of today and running through the end of April, Jerry Wright Homes is offering a refrigerator, 2" wood style blinds and a garage door opener on each home currently under construction and not yet sold! That's three things you DON'T have to worry about!  The refrigerator is a side by side model, but if you would like a french door style, just tell us and we will order it.  Your additional cost is just $650!

Jerry Wright Homes has new homes for sale right now in Heartwood Park in Copperas Cove, Skyline Flats in Copperas Cove, Carriage House Trails in Temple and The Meadows at Creekside in Temple.

 

 

254-681-4875

CONTACT






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Jerry Wright Homes are marketed and listed by
Mary Ann Daniell, Texas Realtor #473270
Coldwell Banker United Realtors
254-681-4875