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

Builder confidence dips slightly in June — to lowest level since August

Builder confidence took a slight downturn in June, but remained relatively high with a Housing Market Index (HMI) of 81. The downturn suggests that the high price of building material costs and supply chain shortages are still impeding homebuilders, more than one year after the start of the coronavirus pandemic. The index, released on Tuesday … Read more

Buyers shouldn’t wait to build. Here’s why

What’s the best time to build, you ask? Right now. Yes, even with commodity prices up. When clients decide to build a home, there are more factors to consider than just the price of lumber. Is the worst of the lumber pricing surge over? Not quite. Pre-pandemic, lumber traded at $300 to $500 per thousand … Read more

Knowing new construction gives you a competitive edge — here’s why

We all know that there is a shortage of inventory. It has been a national topic of conversation, even for non-real-estate professionals, for quite some time. The question is: How long will it last, and is there anything we can do about it?  There are several interesting factors that have contributed to the recent surge … Read more

Timber may soon follow lumber in upward price trend

Pandemic-fueled housing demand is finally beginning to catch up with years of oversupply in the timber industry that resulted from the 2008 financial crisis. While lumber prices have skyrocketed over the course of the pandemic — causing some amateur sleuths to make claims of conspiracy theories — timber prices have remained largely steady, only increasing … Read more

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