| Submit your comments on this article |
| Economy |
| Building A New Home? Soaring Lumber Prices Adds $24,000 To New Construction Build |
| 2021-03-13 |
| [ZERO] Lumber prices have hit $1,000 per thousand board feet, an all-time high in recent weeks, and could extend gains this year as homebuilding and renovation demand outstrips production. Soaring lumber prices have greatly added to construction costs over the last year and could stifle the number of planned residential construction projects across the US. "Production is going to have a hard time keeping up with demand growth as the world economy bounces back from Covid-19 in 2021-22," Paul Jannke, Forest Economic Advisors LLC.'s principal of lumber, said during a conference this week who Bloomberg quoted. He believes average lumber prices will remain elevated. |
| Posted by:Besoeker |
| #5 Check the contents of remote RR sidings and storage yards for massive loads created during the CCP flu and now being held back to drive up prices. You might also check what has been going back inn those empty container ships. |
| Posted by: NoMoreBS 2021-03-13 11:51 |
| #4 Two people profit from the increase in housing prices, the banker and the tax collector. |
| Posted by: Besoeker 2021-03-13 10:15 |
| #3 renovations are never as easy as they are done on tv |
| Posted by: Chris 2021-03-13 09:52 |
| #2 I suspect financial monkeyshines have more to do with this than the hypothetical & touted "demand". |
| Posted by: Thineger Sproing6704 2021-03-13 09:45 |
| #1 Happened in 1994 when I bought my house. It has steel construction which was cheaper. Pro - termites be damned. Con - can't do renovations as easy as they do on TV. |
| Posted by: Procopius2k 2021-03-13 06:52 |