Delaware Business Magazine - November/December 2023

Page 34

Construction & Real Estate

Continuing to Evolve

Steady demand for homes along our state’s beaches prompts more sustainable and efficient practices from Delaware’s Coastal Building and Construction Industry BY MARNIE OURSLER CONSTRUCTION, much like any other industry, has certainly changed over the past few years. With everything the COVID-19 pandemic affected, builders throughout our area faced major roadblocks in our standard everyday practices and procedures. As builders who specialize in custom homes along the Delaware beaches, my team and I faced an incredible increase in demand for secondary homes as people wanted to get away from larger cities, but still spend time in their own homes along the coastline. As national demand for new construction and home improvements surged, our own area’s inventory became sparse, driving home prices even higher. Recent high interest rates have slightly damped this demand; however, we are still very busy building at the beach. Overall building and construction material and labor prices have increased drastically since 32

2019, and although prices have stabilized, they have not come down to pre-pandemic levels. All of this has also disrupted our industry’s supply chains, which are just now becoming more balanced. We are still seeing delays with certain home products, but for the most part, logistically, it’s close to pre-pandemic timelines.

Strong Foundations Building oceanfront and beachfront homes requires strict protocols to properly reinforce a build to withstand nature’s elements. It all starts with the foundation, so we typically build strong concrete foundations and go up from there with a steel framed structure. One of our main priorities is incorporating steel into every build to withstand high winds and heavy driving rain. And when building close to the water, we abide by November/December 2023

| DELAWARE BUSINESS


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Articles inside

Message from the President

2min
page 4

Newsbites

9min
pages 58-60

The Right Balance in AI Governance

3min
page 56

Raising the Bar on Tech in Delaware

4min
pages 54-55

Investing Where We Live and Work

3min
page 52

Generative AI

3min
page 50

Delaware's Entrepreneurial Mindset

4min
page 48

Delaware is a Tech Hub

3min
page 46

The Next Era of Exploration is Here

3min
pages 44-45

How to Build a Thriving Small City

3min
pages 40-41

Embrace Variety

4min
pages 38-39

We Are All Connected to the Housing Crisis

3min
page 36

Continuing to Evolve

5min
pages 34-35

Delaware Voices & Data

4min
page 32

Making Affordable Housing a Priority

3min
page 31

Superstars in Business Winner: Belfint, Lyons & Shuman, P.A.

4min
pages 28-29

Superstars in Business Winner: Breakwater Accounting + Advisory

4min
pages 26-27

Superstars in Business Winner: NERDiT NOW

4min
pages 24-25

Superstars in Business Winner: Children's Beach House

4min
pages 22-23

Marvin S. Gilman Superstars in Business

3min
pages 20-21

Now is the Time for Tax Relief, Not an Increase

3min
page 15

Funding Success and Equity

3min
page 14

Message from the Chair

3min
page 13

How Delaware Will Benefit from Offshore Wind

3min
page 12

Ambassador Spotlight: Nadir Rasheed

3min
page 11

Diverse Supplier Spotlight: GGA Construction

2min
page 10

Committee Spotlight: Tax & Finance

2min
page 9

Nonprofit Spotlight: American Cancer Society

3min
pages 8-9

Business Spotlight: First Citizens Community Bank

3min
page 7

Legislative Priority: Reflecting on 2023

3min
pages 5-6
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