The Price Of Lumber Has Yet To Slumber

This week’s blog is about an article (attached) by National Public Radio concerning the price of lumber and what that tells us about the current economy. As you may know, lumber prices came to record highs this year. That has been partially due to a homebuilding demand, but issues also stemmed from the lumber mills themselves. The price of raw timber has not moved very much, but the processed lumber has changed dramatically. According to NPR “In the early months of the pandemic, many sawmills shut down, both for health reasons and because they assumed demand for lumber would plummet. Instead, demand took off. Stuck at home, Americans in large numbers began adding decks, repairing fences and even building treehouses.” Even though lumber futures have dropped lately, lumber still costs about 80% more now than it did before the pandemic. We have not seen any drop in costs from our suppliers here at Southwest Florida Dream Builders. For an interesting read, please follow the link below to the article.

We are now sitting in our new model at 878 Boundary Boulevard in Rotonda (that’s the corner of Rotonda Blvd. East and Boundary Blvd.) from 9-3 Monday-Friday. If you would like to know more about land or homes in the local area, be sure to stop by and save a spot for your dream home today!