[WDCDev]

My family moved into our newly built home in the northern suburbs of Pittsburgh in Oct. of last year. We were part of the first group of buyers in a relatively new plan of higher-end homes.

Since Oct. of last year, the base price of our model has gone up $215,000 and every lot in this phase (phase 1) has now sold. I suspect at least half of that increase is materials, and the rest is due to market demand.

The market is just crazy and in talking to my builder he has said supply shortages could last through EOY and into next.