Is Now A Good Time To Build A House In San Antonio?
Learn How the San Antonio Market is Forecast to be Among the Best
The home renovation and building scene in San Antonio is about to see some major changes. Evolutionary Homes, with our focus on the 2023-2024 forecasts, are here to help guide you through this exciting development by arming you with all of the advice your project will need for a successful outcome. Don't wait – now's the time make that dream house become reality!
San Antonio Real Estate Market Forecast
San Antonio is fast becoming a beacon of success, bucking national trends. From growing populations and increased job opportunities to resilient housing markets that weather even the challenges posed by a slowing economy. The home building and renovation scene in San Antonio is continuing to show strong growth and it does not look like it is going to slow down anytime soon! Homeowners benefit from this dynamic city’s remarkably affordable real estate prices. This is the perfect time to build your dream home, or remodel your existing home.
Get Your Dream Home in 5 Simple Steps
Exciting design ideas drive every project. It all starts with our listening and idea session. Evolutionary Homes understands that you want your own special place that reflects your style and taste.
- STEP ONE: “Let’s Talk.”™
- STEP TWO: “Storyboard Process,”™
- STEP THREE: “Rendering to Scale,”™
- STEP FOUR: “The Big Event,”™
- STEP FIVE: “Happily Ever After.”™
Our process, “The 5 Simple Steps” allows you to describe what you want, the design team draws it, you approve it, and Evolutionary builds it. By following “The 5 Simple Steps,” You'll love your home!™
2023-2024 Forecast
A report from leading industry giants Urban Land Institute and PricewaterhouseCoopers place San Antonio on top of their list for homebuilding prospects in North America, so even though current economic events in our nation may make it seem like embarking on the investment of a custom build or remodel would be a mistake, it is actually a great time to make that investment. Especially since forecasts for mortgage rates are set to stay constant while commodity prices adjust back towards pre-2022 levels. While focused on the 2023-2024 forecasts, Evolutionary Homes is here to help guide you through the exciting process of building your home. Don’t wait – now’s the time to make your dream home a reality using our 5 Simple Steps!
Prices
In 2021, housing prices increased by 18.8%, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. In 2023 the market is expected to stabilize. A reasonable question is, “Will construction costs go down in 2023?” The reality is that while prices won’t fall anytime soon, they are stabilizing. Lumber prices reached an all-time high in early 2021 and have rapidly settled although experts predict lumber prices will rise again in the coming years. All signs point to 2023 as the best time to build to get in front of steadily rising home building costs.
Housing Market
Predictions show that 2023 will see the housing market cool off from the heights it reached in recent years, but supply is still short of the demand caused by the influx of people moving to Texas. Concerns for a future housing market crash are another reason some may want to delay on building or remodeling. Although a future recession is possible, experts do not expect a crash like witnessed in 2008, instead they are seeing a market that will be more stable and balanced. This is a good sign for home building or remodeling, and as a buyer you should expect more predictable prices.
Start Living Your Dream
Your Journey Starts Here
We hope that this free guide has shown you that now may be the right time to embark on your dream home journey. We at Evolutionary Homes want to help you create the space of your dreams. Once you decide to work with us, we will be by your side through the whole process ensuring a smooth process to achieve the desired result. Schedule your free idea session today! We look forward to working with you!
Free Guide
FAQs - Building On A Lot In San Antonio Texas
What are the questions you should know before building on your own plot of land? Here we detail what every land owner should know - everything from zoning, environmental, and water drainage to other factors unique to this type of purchase and more.
