Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.
The U.S. housing market has rarely been tighter. Home prices are rising at the fastest rate on record, and the number of homes on the market is extremely low.
With competition so fierce, you might consider building a new home instead. You don’t have to get in a bidding war, and you might even save money: In some cases, building a new home can cost less than buying and renovating an existing house.
Building a home isn’t for everyone, though. Let’s look at the costs of building a house and when this option makes…