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"New housing starts fell far more than expected" According to CNBC. Well, at almost $13 for a single 2x6 stud, I'm not surprised.
"Skyrocketing prices for lumber, appliances and other building materials continue to handcuff new housing starts all over the country.
Single-family housing starts in April dropped 13.4% from March to a rate of 1.09 million, according to the most recent study from the U.S. Census Bureau."
"New housing starts fell far more than expected" According to CNBC. Well, at almost $13 for a single 2x6 stud, I'm not surprised.
"Skyrocketing prices for lumber, appliances and other building materials continue to handcuff new housing starts all over the country.
Single-family housing starts in April dropped 13.4% from March to a rate of 1.09 million, according to the most recent study from the U.S. Census Bureau."
Lumber has started falling ..so much so it fell so much today it triggered the daily limit.
It is down over 20% so far from the high ..of course it needs to fall a lot more
"New housing starts fell far more than expected" According to CNBC. Well, at almost $13 for a single 2x6 stud, I'm not surprised.
"Skyrocketing prices for lumber, appliances and other building materials continue to handcuff new housing starts all over the country.
Single-family housing starts in April dropped 13.4% from March to a rate of 1.09 million, according to the most recent study from the U.S. Census Bureau."
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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There is a big development underway near us, with homes to start in the $1.6 million range. They did all of the infrastructure, and just finished the final paving a month ago, and left. There is no sign of activity at all now, just cul-de-sacs with pipes sticking up here and there for the home utilities, and work has stopped.
It's seems likely that they are waiting for lumber prices to drop. Continuing now would price the homes well above what people would pay for a tract home, when existing homes are still available under $1 million.
"New housing starts fell far more than expected" According to CNBC. Well, at almost $13 for a single 2x6 stud, I'm not surprised.
"Skyrocketing prices for lumber, appliances and other building materials continue to handcuff new housing starts all over the country.
Single-family housing starts in April dropped 13.4% from March to a rate of 1.09 million, according to the most recent study from the U.S. Census Bureau."
Market self-regulates.
And a lot depends on where in the country you are. In some places, they can't build homes fast enough.
You would think they were giving the homes away free when we went to look at the villages in florida ….in fact you have to make an appointment to see the ,models and they run buses through out the day shuttling people for a timed look
Skip seasonally adjusted figures and go straight to the NSA raw data.
Yep. Everybody's running around like chickens over the April inflation data, forgetting that in April, 2020, we had a 2% DROP in prices. Suddenly that price increase in April, 2021, doesn't look quite as bad.
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