Alright, lumber prices.
So everyone’s been talking about lumber prices, especially with the new construction and the crunch in housing. If you
look at old lumber prices, an article on Realtor magazine says We got up to about 1700 dollars per thousand board feet today. We’re sitting at
about $500 per thousand board feet. So way better. And that translates to a cost of approximately $40,000 in decrease.
Now the difference becomes you are seeing supply chain issues, the labor markets. So you’re not getting enough labor and then you are seeing tariffs that are increasing
prices on commercial construction and different individual materials for residential construction. So that decrease in lumber prices may not
offset the actual full increase that we saw on these other prices. And so you are still going to have somewhat of an elevated price point.
To this point it looks like about 18% above last year.
If you are looking to buy a new home, not saying that this is a bad time to buy a new home,
but just wanting to put out the facts that we are seeing from some of our interior publications here.
If you have any questions, if you want to comment below, we’d be happy to respond, like and follow for more. Thank you.
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