Lumber prices finally drop and the stockpilers prepare to sell

After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down. After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, those lumber prices are finally beginning to come down from their great heights. For the … Read more

SoftBank-backed construction startup shutters US operations

Following a final $200 million investment from SoftBank, Katerra is closing after years of financial mismanagement and rising construction costs. After six years and more than $2 billion in funding, multifamily construction company Katerra is shutting down its U.S. operations. First reported by The Information on Tuesday, the SoftBank-backed company long struggled with financial management, which was … Read more

Rising construction costs curbed homebuilders’ pace in April

The rising cost of lumber and appliances slowed the momentum of single-family building permits, starts and completions in April. Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second-home markets soaring. What does the future hold for new second-homeowners and for managers … Read more

Tampa Bay News