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re: Building a Home in the current climate - Question

Posted on 1/27/21 at 3:53 pm to
Posted by 3nOut
Central Texas, TX
Member since Jan 2013
29001 posts
Posted on 1/27/21 at 3:53 pm to
we started a remodel last year and dodged the first lumber jack with original quote... then we didn't start for months, lumber dropped, we started building, and right when we finished with lumber parts, they skyrocketed. we managed to get in there with a 3% interest rate.

it was accidental, but we dodged the lumber price jumps and got the low interest rate.

market is volatile right now. lumber is up. production is about to be slowed. logistics is about to get jacked with gas prices and the possibilities there.

i'd either build right now before it gets real bad or wait a year or two to see if things settle down.
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