Monday, March 1, 2021 / by Jen Raines
We asked a bunch of builders, that our team has worked with. And, The main reason they are telling us is LUMBER!
If you're wondering why most builders have wait lists around 1-3 months to even get Under contract, and lock in a price.
Then, you have to wait over 9 months or more then a year to move in, this is one of the reasons why.
According to builders the reason is, the price of lumber hit a record high this week and is up more than 170% over the past 10 months. Lumber prices are adding thousands of dollars to the cost of a new home, pricing out millions of potential home buyers and impeding the residential construction sector The increase in lumber prices are forcing New Build companies to delay
Read more here: construction https://nahbnow.com/2021/02/record-high-lumber-prices-are-hammering-housing-affordability/