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St Louis Real Estate Search

How long does it take to build a new home in St Louis?

St Louis Association of REALTORS past president, Dennis NormanWould you like to buy a new home in St Louis but not sure if you have the time to wait for one to be built?  Before the market crash there were plenty of “spec” homes (homes builder’s built on speculation, trusting a buyer would buy it after completed) for buyers to choose from but today there are not near as many being built (“build it and they will come” didn’t pan out so well for builders when the market crashed).

Nationally, according to 2012 data from the U.S. Census Bureau,  it takes about 6 months on average to build a new home from start to finish.  Spec homes take about 4.9 months and custom homes 7.3 months.  Here in St. Louis the time is a little shorter.  According to Jim Brennan, owner of McKelvey Homes, their average time to build a home overall is about 5 months, with spec homes taking about 4.5 months and custom homes about 6 months.

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