Rising Lumber Costs Add $36K To New Home Sales Prices
The battle between supply and demand has hit the lumber industry hard, as mills struggle to keep up with demand and homebuilders push the costs to buyers. Low mortgage rates, booming buyer demand and stifled inventory aren’t the only culprits behind soaring home prices, according to two reports by The Wall Street Journal and CNBC […]
How House Floor Plans Help In Selling Homes
A real estate floor plan is a powerful tool that can make your property stand out, appeal to buyers, and give you an extra competitive edge. So, what makes the floor plan so powerful? A floor plan accurately expresses what the house has to offer. Real estate photos are great, but they are not enough. […]
Soaring Lumber Costs Cause Spike in Home Prices
In the 42 years Ricky Grubbs has been in the truss business, he’s never seen lumber costs so high. This time last year, Grubbs said he was paying $8,000 for a truckload of two-by-four, number one-grade lumber. That same truckload today costs him about $30,000. “People need to start paying attention to what’s going on,” […]
Lumber Prices to Skyrocket More Than 160%
The COVID-19 pandemic has caused lumber prices to skyrocket more than 160% since April after a spike in home renovation by cooped-up Americans, according to the National Association of Home Builders. Higher prices are adding about $16,000 to the cost of a new house, said Robert Dietz, NAHB’s chief economist. “As people started nesting in […]
Why you need an agent when buying directly from a builder
Have you ever considered having your dream home built or buying directly from a builder? Stop and consider that despite builders having their own in-house lenders, contractors, and inspectors, buying a home without your own representation could be a costly mistake. Contract errors that aren’t in your favor, delayed closings, leaving money on the table […]