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Started By
Message
The average price of a new single-family home in the U.S is up $24K in the past 10 months
Posted on 3/12/21 at 8:43 am
Posted on 3/12/21 at 8:43 am
Due to lumber prices
LINK
quote:
Higher lumber prices could stifle the number of planned construction projects across North America and push prices for new homes even higher due to rising costs, echoing issues that hurt homebuyers in the past year. Skyrocketing lumber prices have lifted the average price of a new single-family home in the U.S. by $24,386 in the past 10 months, the National Association of Home Builders said on Feb. 22.
LINK
15
Posted on 3/12/21 at 8:45 am to stout
stout - any chances limber prices normalize this year? got a large project in mind
Posted on 3/12/21 at 8:45 am to stout
Actually thought it would have been more than that
Posted on 3/12/21 at 8:46 am to stout
Lumber prices plus low interest rates plus money printer going brrrrrrrr.
Posted on 3/12/21 at 8:47 am to Bestbank Tiger
Yeah, what a great time to be in between homes and living in apartment. I’ve really planned life well.
Posted on 3/12/21 at 8:47 am to stout
I was planning on redoing my fence this year, but guess I'll wait till next year maybe?
Posted on 3/12/21 at 8:47 am to Klark Kent
Everywhere I am reading says it will get worse before it gets better, KK. Maybe by October we might see some relief but it will be a brutal Summer for materials.
Of course lumber isn't the only thing affected. Shingles just went up 8% and higher oil prices will see that they go up more. Siding is hard to find of any kind, copper is rising as China is buying up a ton of it again, etc. The only thing that is normal seems to be sheetrock but everything else is insane.
Of course lumber isn't the only thing affected. Shingles just went up 8% and higher oil prices will see that they go up more. Siding is hard to find of any kind, copper is rising as China is buying up a ton of it again, etc. The only thing that is normal seems to be sheetrock but everything else is insane.
Posted on 3/12/21 at 8:53 am to stout
quote:
Due to lumber prices
Crawfish and lumber, crawfish and lumber......
Posted on 3/12/21 at 8:54 am to Salmon
quote:
I was planning on redoing my fence this year, but guess I'll wait till next year maybe?
Maybe we'll see another boom in oil pipe fencing
Posted on 3/12/21 at 8:56 am to stout
The appraisal on my home is up about $150k over the last 18mo
Posted on 3/12/21 at 9:01 am to SuperSaint
Zillow "Zestimates" aren't accurate, SS
Posted on 3/12/21 at 9:07 am to stout
Joe Biden’s America
Posted on 3/12/21 at 9:14 am to stout
This is what I fear if we sell our house. We’d want a new build farther north up the metroplex. I don’t want to eat my profit for material costs of new home
Posted on 3/12/21 at 9:17 am to Salmon
quote:
I was planning on redoing my fence this year,
yeah, dont, i started doing this and im in disbelief at the cost
Posted on 3/12/21 at 9:42 am to stout
Not surprised.
The cost of the houses in these new neighborhoods popping up all over are insane
I always get a chuckle when realtors try and act like it’s a reasonable price.
The cost of the houses in these new neighborhoods popping up all over are insane
I always get a chuckle when realtors try and act like it’s a reasonable price.
Posted on 3/12/21 at 9:47 am to stout
I was going to stick build a 10 x 20 shed this year.
8$ 2 x 4's have put that on hold.
8$ 2 x 4's have put that on hold.
Posted on 3/12/21 at 10:19 am to stout
I’m wanting to build a garage with a finished upstairs and these lumber prices are keeping me from even wanting to reach out to a contractor to see how much it will cost. My fear is it will be more than expected even with normal lumber prices.
Posted on 3/12/21 at 10:20 am to Salmon
quote:
I was planning on redoing my fence this year, but guess I'll wait till next year maybe?
Same.
I don't think it'll be normal for 2 years.
Posted on 3/12/21 at 10:21 am to Bestbank Tiger
quote:
plus money printer going brrrrrrrr.
Chuckle every time I see this
Posted on 3/12/21 at 10:48 am to stout
I refinanced and got a new appraisal
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