As Buyers Turn Impatient, Downingtown-Based Builder Continues to Deal with Supply-Chain Disruptions
Southdown Homes is currently working on 11 townhouses in Downingtown, but the builder is having to deal with ongoing supply-chain disruptions and buyers who are showing much less patience over any related delays than they did when the pandemic started, writes Michaelle Bond for The Philadelphia Inquirer.
The Downingtown-based builder, however, is having no problems finding buyers for the new homes. With demand huge and supply low, the company had to use a lottery this month to decide which 11 out of 50 potential buyers will get to move in this winter.
But these delays and changing prices – both issues directly related to the pandemic – are wearing buyers’ patience thin. The company used to order vinyl siding about four weeks in advance, but now it has to be done just as workers begin pouring the foundations.
Still, even with all the issues, the company managed to close 67 homes in 2020.
“It was a good year for us,” said Tim Townes, director of construction. “Considering all the things that were thrown in front of us, probably a very good year.”
Read more about Southdown Homes in The Philadelphia Inquirer here.
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