The Prescott custom home market continued to be strong in the second quarter of 2023, with demand outpacing supply. The average sales price for a custom home in Prescott was $600,000, up from $550,000 in the same quarter last year. The average build time for a custom home in Prescott is 12-18 months. Residential Construction Read more…

The residential housing market has experienced drastic changes over the course of 2022. With sky-high prices at the beginning of the year to decrease and a general stabilization towards the end of the year, custom home builders have seen it all.  Luckily, the last quarter of 2022 and outlooks for 2023 paint a more positive Read more…

Residential Construction Materials Prices Construction materials prices continued to increase during July, August, and September of 2022. However, the increase has been much slower than in previous quarters of this year. According to the MCP Group, construction cost growth is “expected to be 1% – 2% per month for the remainder of 2022,” while “relief Read more…

The housing market has seen huge cost increases over the past several months. During the second quarter of 2022, things have started to slow down a bit, and even taper off in certain markets. New home builds took a dive in May and June, with fewer people breaking ground on new builds than in the Read more…

Lumber pricing has been shifting a lot lately. After a year of high prices and increasing costs, the lumber market is finally cooling off. This is good news for you if you’ve been waiting to build a custom home. Lumber is the backbone of any home build, so lower lumber costs means a more affordable Read more…

While the share of homebuyers looking for a new home versus an existing home declined to a pre-pandemic level of 19%, there is still enough pressure in the residential construction market to keep prices moving higher. New home starts are up and total spending on residential construction increased by 1.1% (NAHB). While we think the Read more…

At RES Contracting, we get regular inquiries into the costs per square foot to build a custom home in Prescott. Many would-be homeowners look to find the right time to invest their money into the custom home of their dreams. So, we’ve put together some data for you all to help in making that decision. Read more…