Here we go again… After a period of moderation, lumber prices have nearly tripled in the past four months, adding nearly $19,000 on to the price of a stick-built house. It’s one thing for politicians to cry out for more affordable housing, it is another to actually see it happen. And lenders and real estate agents know that lumber is just part of the equation, and I receive plenty of emails regarding the cost of land, labor, permits, appliances… And now with interest rates having ratcheted higher, affordability becomes even more of a problem.
Account required
Keep reading with a free account
Daily Commentaries older than 30 days are available to registered readers.
Today's Show
11.12.26 Production Shifts; Private Money Funding's Ryan Hermansky on Deals; Fed Chatter
Sponsored by Truework
Recent
Get the Commentary
80,000+ mortgage professionals get this every weekday morning.
By submitting this form, you are consenting to receive marketing emails from: Chrisman LLC, 1930 Village Center Circle, #3-3932, Las Vegas, NV, 89134, https://www.chrismancommentary.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact