Some Chattanooga Builders Backing Out On Promised Projects Due To Surge In Supply Costs
Tuesday, May 11, 2021
Some Chattanooga builders are backing out on promised projects, citing major increases in the expense of supplies.
A group of people who got the bad news from Pratt Homes has been talking with an attorney about their options.
A couple who signed up for an attached townhome on Mountain Creek Road was told that the project cannot be started now. The builder said it may be a year before construction would begin and it would be at a higher cost than first agreed.
"They said they are not going to sign the contract," said the couple involved, who had already inked the document on their end.