built homes

12 Apr

High Wood Price Shouldn’t Scare New Home Buyers

Catharine BwanaBuilding & Contractor, Buy and Rent Property, Concrete, Cement and Masonry, Gates and Fences, Home Decor, Insulation, Ladders, Lawn and Garden, Lumber and Trim, Real Estate, Residential Commercial Services, Restaurant Hotel Home and office service, Roofs and Gutters, Room Inspiration, Tarps, Tile, Walls, Floors and Ceilingbuilt homes, existing homes, long term, newly built, prices rise, single family, timber prices, time buyers, wood prices

You may have seen the headlines: "Timber Prices Are at an All-Time High," "Home Costs Soar as Timber Prices Soar." While it's true, lumber prices rose 208 percent in 2020, it's not the big barrier to buying a home that homeowners pretend it is. Fluctuations in timber prices Timber prices have gone up and down before, rising in 2017 and 2018, and then falling again in 2019. Then the "perfect storm" of 2020 hit both demand and supply issues, says Robert Dietz, chief economist at the National Association of Home Builders. (NAHB). "We predicted a growth rate of about 4…