Market Update
May 1, 2021

Market Update

What a crazy world that we’ve all been living with since early 2020. None of us could have predicted being in the situation we are in right now. The real estate market has not taken a break since early 2020 and it has only continued to become an even hotter market. Since the onset of the pandemic, the price of lumber has skyrocketed to over three times the price at the same point last year. We see record highs in lumber prices day after day.

With historically low interest rates creating a red-hot market and the cost of building materials consistently rising, Creative Homes has had to learn to operate in this new demanding, hectic time. Like anything here at Creative Homes, we want to provide an unmatched customer experience for our homebuyers and that never changes though we now have to collaborate more than ever on what changing availably and prices can mean to the homebuying process. As we move forward in this uncertain market, our team will continue to put our homebuyers first. We’ll be working with you all to provide honest, transparent updates and get you into the house that truly feels like a home. We look forward to sharing more updates as the market continues to evolve and support you in each aspect of your home building journey.

Hear From Our Homeowners

Creative Homes Testimonial
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We had an incredible experience with our build by Creative. We LOVE our new home, & are so grateful for such an easy-going process from start to finish!

Danny & Jamie
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Creative Homes Testimonial
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Overall, we are very pleased that we selected Creative Homes to build our home. It was a joy to work with everyone involved in the process and we love our new home! Thank you all for such a positive and exciting experience!! We are happy to recommend Creative Homes to others. Our realtor was correct when she said that Creative Homes is a very solid company with a good reputation in the Twin Cities home building industry.
Marin Family
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Creative Homes Testimonial
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Our family recently purchased a move in ready home from Creative Homes and we absolutely love it. The design and quality of the home was done with great attention to detail. The staff, in all phases of our purchase, was amazingly accommodating and professional. I would recommend Creative to anyone who is looking to move into a new house or build a new house!

Aaron & Venessa
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Creative Homes Testimonial
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We love our new Creative Home. Our designer, Rachel and builder, Jason were so helpful in the entire process. I'm thrilled with the design process. I wondered how it would all look finished, and I was very happy and amazed how beautiful it all looks! Thank you, Creative Homes!
Mackereth Family
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Creative Homes Testimonial
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I really enjoyed the weekly calls with the builder. It made me feel like I knew what progress was happening during the build, and really set a tone of trust with the builder that I wasn't expecting. I found those conversations, even when very short, to be extremely helpful in staying calm during the build process.

Panek
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