What Saw Mills Experienced During Lumber Price Spikes and Why
Remodeling, DIY, and home building demand pushed lumber prices to new heights this past year, and…
Interest in New Homes Falls, High Prices Likely to Blame
Fewer prospective buyers are looking to purchase a newly constructed home, likely a result from…
What Does a Drop in Building Permits Mean for Future Construction?
Data released this week from the U.S. Census Bureau point toward a slowdown for new-home…
Strong Buyer Demand Offsets Persistent Material Challenges
Building material costs continue to push construction and home costs up, but high homebuyer demand…
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Building Materials
Why Buyers Won’t Find Relief in Lower Lumber Prices
Homebuyers will not see lower home prices due to dropping lumber prices because it’s just one factor among many others causing builders to raise…
Building Materials
Other Building Materials Keep Costs Up as Lumber Prices Fall
The National Association of Home Builders estimated the cost of lumber added $35,872 to the cost of a new single-family home back in April. Now…
Economics
Will New Lumber Prices Lower Home Prices?
Now that lumber prices have fallen near pre-pandemic levels, the cost of constructing an average single-family home is now cheaper, but builders…
Building Materials
OSB Costs 500% More Since 2020
While the country’s eyes and ears were locked onto the changes of lumber prices, other building material costs shot up, such as oriented strand…
Building Materials
Lumber Prices Drop 21% in Five Days—When Will it Normalize?
In just five days, the price of lumber fell 21% to $642 per thousand board feet. Lumber prices hit a record high on May 7 at the price of $1,670…
Building Materials
Lumber Prices Turn Negative for First Time This Year
After two months of continuous price drops, lumber costs are now down 0.6% from 2021’s starting price. Lumber futures for September dropped 5.6%…
Construction
Why Do Builders Continue to Use Lumber?
Despite skyrocketing prices and supply shortages, few home builders are willing to use construction methods other than traditional wood framing.…
Building Materials
Who Can Shorten the Supply Chain for Home Building?
Current supply-chain challenges serve to reveal new possibilities for supplying materials for new-home construction
Building Materials
What’s With the Lumber Price Disconnect?
If lumber futures and mill prices are declining by double digit percentages, why not the street prices builders are paying?
Building Materials
How Are Builders Countering Rising Costs and Shortages?
Few builders have switched away from traditional wood framing
