If you need assistance, please call 256-766-0000

Lumber Prices May Be Starting to Normalize

Tuesday, August 3, 2021   /   by Shane Kilby

Lumber Prices May Be Starting to Normalize


Lumber prices are high, but there are signs that they may get back to normal soon.

We’ve been getting a lot of questions about lumber prices and why they’re skyrocketing, so today we’ll be taking a look at what exactly is going on.

 

The COVID-19 pandemic caused lumber plants to slow down production, which has caused a major disruption in the supply chain. Builders are still trying to construct homes, but high demand and low supply of lumber mean that costs shoot up quickly. It’s led to a $25,000 to $30,000 increase in the price of new home construction, but we believe this will change as lumber production picks back up.

 

Recently, there’s been a recent decrease in lumber costs due to increased production and the return of supply chains. Additionally, high prices caused demand to settle down a bit, so lumber costs will likely continue to fall back to a normal level.



Even with high lumber prices, our historically low interest rates make now a fantastic time to buy a home. If you’re ready to start your home search or if you have any questions about our market, feel free to reach out to me. I look forward to hearing from you soon.


  real estate

BrickDriven Realty
3505 Florence Blvd
Florence, AL 35634
256-766-0000

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
The data relating to ValleyMLS on this Web site derive in part from the North Alabama MLS (NALMLS) IDX datashare program. © 2024 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.
This site powered by CINC: www.cincpro.com