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Lumber Prices Are Soaring and Appliances Are Backordered Due To COVID, What Should You Do? BYHYU 213
Lumber Prices Are Soaring and Appliances Are Backordered Due To COVID, What Should You Do? BYHYU 213
ratings:
Length:
16 minutes
Released:
Sep 9, 2020
Format:
Podcast episode
Description
Average lumber prices have more than doubled from mid-April to late August 2020. Prices moved from a low in April of $348 per thousand board feet to over $900 per thousand board feet in August. This price surge is adding over $16,000 to the price of the average single-family home according to the National Association of HomeBuilders. And it’s adding several tens of thousands of dollars to higher-end homes. The extreme increase in lumber prices have been made worse by tariffs of more than 20% on Canadian lumber imported into the U.S. The U.S. typically gets quite a bit of lumber from Canada. Given these historically high lumber prices, many homeowners and builders are currently wondering if prices are likely to decrease back toward normal, and if so, when. Folks are further questioning whether now is the right time to start a build or whether waiting is a better option. Show notes at BYHYU.com
Released:
Sep 9, 2020
Format:
Podcast episode
Titles in the series (100)
What homeowners would do differently if they built again - advice from those who have already built a custom home--BYHYU 014: As we plan to build our homes, I thought it would be a good idea to scour several blogs and forums to get advice from those who have built before. I specifically wanted to find out what mistakes people had made in building their homes—what... by Build Your House Yourself University