Skyrocketing diesel prices, shortages of building materials and permitting delays are...
Jason Fochtman, Houston Chronicle / Staff photographer
Skyrocketing diesel prices, shortages of building materials and permitting delays are raising costs and slowing down construction times for homebuilders in Houston. That’s pinching their ability to quickly develop lots and build homes in a market starved for inventory, some of the region’s top builders and developers said at an industry event held Tuesday by Greater Houston Builders Association.
The supply of vacant finished lots ready for sale to homebuilders remains historically low, which means builders have fewer parcels to site new homes.
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