New home buildings rise, but builders face dilemma to keep costs down

New home buildings rise, but builders face dilemma to keep costs down
El Paso Association of Builders
Friday, June 21, 2013 - 8:41pm

There's more evidence that the housing market is bouncing back.

A government report released this week shows the pace of home building gained steam in may.

The report found the number of housing starts rose seven percent last month.

In El Paso, it's been steady with 2,500 new projects last year.

But builders say they're faced with a dilemma:keeping homes affordable.

With the cost of materials going up, Ray Adauto with the El Paso Association of Builders says there's no way to pass on the cost.

"So it's difficult. On the one hand, you've got salaries that are comparatively low compared to other parts of the state. They're getting better, but we're still a long ways from that. And we're trying to build a product where people can live comfortably and affordably," said Adauto.

Adauto says new regulations in the city also make it more expensive to build within the city limits, so some builders are looking to land in the county.

Starting Saturday, and continuing through July 7, El Paso will see its first "Parade of Homes" in four years in the Cimarron community.

It is open Monday through Friday from 3 p.m. to 7 p.m. and weekends from 11 a.m. to 7 p.m.

Tickets are $5 for adults and children 12 and under are free.

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