But still historically expensive. Lumber prices, which had risen more than exponentially during the pandemic and were a problem even before, have started dropping like a 2 x 12 of clear pine.
Those prices, which peaked at $1,670 per thousand board feet on May 7, added, according to the National Association of Home Builders (NAHB), $35,872 to the price of an average new single-family home, and $12,966 to the market value of a multifamily unit. The closing price Monday on the futures market was $897.9 Read more...
River Cliff Homes is looking forward to lumber prices falling and getting back to a more normal lumber supply line and delivery thereof. Good News!
We have some buyers who are waiting to build until the lumber prices come down. Reach out to us in the next couple weeks at let us see if the reduced pricing has trickled down to the local lumber suppliers yet.
Get preapproved today with our local, preferred lender, Amy Bastion