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πŸͺ“ Lumber Prices πŸͺ“

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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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About The Author
Sanjeev Advani

β€’ Hundreds of Investment Real Estate transactions successfully closed β€’ 350+ Units currently under Property Management β€’ 3+ Years of Construction Management Experience β€’ Certified Property Manager, CCIM (In Progress) β€’ Bachelors in Finance β€’ Bakersfield, CA Native Deep Dive: I have been licensed in real estate for almost 10 years, and I have been specializing in investment and commercial real estate for the past 6 years. Through the years I have worked with Real Estate Developers, Investors, Average Joes, and many more. I am a Bakersfield native, and my educational background is in Finance. I have just completed the CPM (Certified Property Manager) certification which is one of the most prestigious designations in the Property Management Industry, with less than 1800 members world wide. I am also the President of the Board for Habitat for Humanity Golden Empire, the Vice President of the Board for Income Property Association of Kern County (IPAK), and Vice Chair of the Commercial Investment committee at the Board of Realtors. I look forward to working with you towards your real estate investment goals. Sunny Advani California Agent Lic# 01869863 | California Broker Lic# 02012941 Email: Sunny@RE-Synergy.com | Phone: +1 661 235 5726