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Rainmaker
1,424,950
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The situation was already bad and many homes from the Thomas fire three years ago still haven't started a rebuild.  My take is that it will make a bad situation worse.

Sep 01, 2021 01:24 PM
Rainmaker
5,767,371
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Ryan Huggins - Thousand Oaks, CA and I agree.  

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Sep 01, 2021 01:29 PM
Rainmaker
962,696
Peter Mohylsky. BRIX REALTY
Brix Realty - Destin - Miramar Beach, FL
BRIX REALTY -DESTIN

My take is that it will not impact my market here in Florida.  

Sep 01, 2021 01:11 PM
Rainmaker
6,966,318
Roy Kelley
Retired - Gaithersburg, MD

Time will tell.

Sep 01, 2021 12:40 PM
Rainmaker
4,509,621
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Supply and demand will slow the building process and drive material prices up. As for labor, the shortage continues.

Sep 02, 2021 04:11 AM
Ambassador
2,604,703
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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Sep 01, 2021 09:25 PM
Ambassador
5,698,869
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

California is going to burn, and burn and burn, has been going on for centuries and global warming is only making it worse.

As long as the insurance companies continue to pay for replacement of the homes located in these areas the demand for more building supplies will continue.

Sep 01, 2021 07:15 PM
Rainmaker
687,723
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I would suspect that people on the fence will have a good excuse to wait until next year.  Materials are already in short supply as is labor.  This is going to be ongoing for quite a while so no change here.  Fire Insurance might be harder to get especially in high fire zones.

Sep 01, 2021 05:53 PM
Rainmaker
1,346,841
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I deal in used houses, so I do not concern myself with such things.

When I need to build, remodel or repair, I deal with the delays and costs then. I have too many responsibilities as a Husband, Father & Entrepreneur to worry about peripherals of our industry. Now, when I was in construction back in the 1980's & 90's, I would have worried about this and been in the know as to how to adapt and overcome.

Sep 01, 2021 05:28 PM
Rainmaker
1,001,093
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I am sure that demand for scarce building materials and scarce labor will drive up the costs of both. We have already seen it happen due to the pandemic.

It is harvest time in California for wine grapes. I heard on the news yesterday that the cost of wine bottles has doubled. Another supply-chain issue. Most come form China.

Sep 01, 2021 02:35 PM
Ambassador
3,145,610
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have no projections ... 

I am in disaster overload. 

Sep 02, 2021 11:05 AM
Rainmaker
1,048,702
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

The whole supply chain keeps getting compromised. COntactors and consumers having a difficult time getting the supplies they want. It's not just Ida

Sep 02, 2021 09:55 AM
Rainmaker
914,708
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I can see a future where new builds wil be sold much like stuff on KickStarter and Indygogo. Give me your money first and maybe I'll build you a house...or not.
That way a buyer can order a $250,000 house and the buider makes it work. Won't be what the buyer wants, but they don't get what they want today anyway.

Sep 02, 2021 05:23 AM
Rainmaker
844,112
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Fairy tales often teach us about life. Let's compare these disasters to the story of the Three Little Pigs. Maybe we'll build better, stronger communities from more durable, possibly new materials and re-forest the devastated areas for future generations. 

Sep 01, 2021 03:10 PM
Rainmaker
600,554
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Our construction costs locally have skyrocketed since Covid hit - and we have builders who agreed to a set price early in the construction process trying to raise prices now. Most builders are no longer doing presells and only listing when the home is almost done. We were more impacted by tariffs (lumber and drywall) and the Texas deep freeze which shut down factories which make electrical boxes.

Sep 02, 2021 04:04 PM