Episode 1037
New Construction: Pandemic Lumber Shortages Are Driving Prices Sky High
Real Estate News: Real Estate Investing Podcast · Kathy Fettke / RealWealth
March 29, 20215m 50s
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Show Notes
The push continues for a solution to lumber shortages and skyrocketing lumber prices. A large number of sawmills were shut down early last year, creating a major shortage of lumber for the construction industry. While there's hope that sawmills will return to full capacity as people get vaccinated and social distancing mandates are relaxed, the National Association of Homebuilders is urging policymakers to find solutions right now.
Links: 1 - https://www.nahb.org/advocacy/top-priorities/material-costs/solving-the-lumber-crisis 2 - https://nahbnow.com/2021/02/record-high-lumber-prices-add-24k-to-the-price-of-a-new-home/ 3 - https://www.cnbc.com/2021/03/17/housing-starts-february-2021.html#:~:text=and%20construction%20activity.%22-,Housing%20starts%20fell%2010.3%25%20to%20a%20seasonally%20adjusted%20annual%20rate,on%2Dyear%20basis%20in%20February. 4 - https://nahbnow.com/2021/03/lumber-prices-stalling-much-needed-multifamily-and-affordable-housing-supply/?_ga=2.24865850.1827718439.1616712139-54843561.1614272299 5 - https://nahbnow.com/2021/03/a-full-court-press-on-lumber/?_ga=2.250824582.1827718439.1616712139-54843561.1614272299 6 - https://fortune.com/2021/03/20/lumber-prices-2021-chart-when-will-wood-shortage-end-price-of-lumber-go-down-home-sales-cost-update-march/ 7 - https://www.nahb.org/advocacy/top-priorities/material-costs/outreach-to-the-administration-and-congress?_ga=2.182658726.1827718439.1616712139-54843561.1614272299