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re: Lumber prices
Posted on 4/29/21 at 8:02 am to Allthatfades
Posted on 4/29/21 at 8:02 am to Allthatfades
We are at all time highs this week on Lumber.
Builders that I talk to are still able to get the lumber so that’s a positive but they can’t be certain of the ongoing availability. Some builders suspect that the mills are manipulating the prices. I’d love to see some investigation into collusion.
The covid impact is certainly part of it.
I had thought that once covid vaccines rolled out, we’d see some decline in the price but I was very wrong. Maybe It hasn’t happened- yet.
On a 3,000 sq foot home that just got bid this week, I saw the lumber package at 180,000. That should have been around 95,000. Overall, on a 3,000 sq foot home, lumber can be from 10-15% of the overall cost. These days, it’s from 15-20-%. While that is relevant, I’m not sure it’s had much impact on the higher end homes.
Builders that I talk to are still able to get the lumber so that’s a positive but they can’t be certain of the ongoing availability. Some builders suspect that the mills are manipulating the prices. I’d love to see some investigation into collusion.
The covid impact is certainly part of it.
I had thought that once covid vaccines rolled out, we’d see some decline in the price but I was very wrong. Maybe It hasn’t happened- yet.
On a 3,000 sq foot home that just got bid this week, I saw the lumber package at 180,000. That should have been around 95,000. Overall, on a 3,000 sq foot home, lumber can be from 10-15% of the overall cost. These days, it’s from 15-20-%. While that is relevant, I’m not sure it’s had much impact on the higher end homes.
4
Posted on 4/29/21 at 1:36 pm to SlidellCajun
I’m finally seeing some pull back from contractors and homeowners. There’s only one way to stop the madness. Stop buying
Posted on 4/29/21 at 7:22 pm to SlidellCajun
quote:
On a 3,000 sq foot home that just got bid this week, I saw the lumber package at 180,000. That should have been around 95,000. Overall, on a 3,000 sq foot home, lumber can be from 10-15% of the overall cost. These days, it’s from 15-20-%. While that is relevant, I’m not sure it’s had much impact on the higher end homes.
What’s price per sqft? Haven’t started talking to builders but prob will in the next 6-8 months.
Posted on 4/29/21 at 8:27 pm to SlidellCajun
quote:
On a 3,000 sq foot home that just got bid this week, I saw the lumber package at 180,000. That should have been around 95,000.
What. Where are you getting these numbers?
Posted on 4/29/21 at 8:44 pm to SlidellCajun
quote:
On a 3,000 sq foot home that just got bid this week, I saw the lumber package at 180,000. That should have been around 95,000. Overall, on a 3,000 sq foot home, lumber can be from 10-15% of the overall cost. These days, it’s from 15-20-%. While that is relevant, I’m not sure it’s had much impact on the higher end homes.
I am building right now and at least in my market, this isn’t accurate. Our framing package is about 180% of what it would’ve been last year, but it’s nowhere close to $180k. It’s less than $100k. House is 4900sqft under beam and 3000 living.
My impression is that availability and pricing depends a lot on where your market is. Certain markets are more insulated from the pricing than others IMO. For example, there are 5 sawmills within 80 miles of me, all of which sell primarily to local suppliers. The mills have definitely jacked up prices, but they are keeping up with demand in the local market. The price is just a lot higher as compared to last year. It’s always something though and we were able to lock in a construction to permanent with relatively low closing costs for 2.9%.
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