Tag: prices

Lumber Headlines Broad-Based Increases in Building Materials Prices

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Prices paid for goods used in residential construction ex-energy rose 2.1% in January (not seasonally adjusted) and have increased 6.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

The index for inputs to residential construction, including food and energy, also increased over the month (+2.5%) as energy prices climbed 5.1%.

Prices paid for softwood lumber (seasonally adjusted) rose 13.9%. Lumber prices have remained extremely volatile since the 88.5%

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Rising Lumber, Building Material Costs Press on New-Home Prices

Rising Lumber, Building Material Costs Press on New-Home Prices | Realtor Magazine





New-home sales tapered off at the end of 2020 as higher home prices offset some of the strong buyer demand seen earlier in the year. While sales of newly built single-family homes increased 1.6% in December, sales had been much stronger over recent months.

New-home sales in 2020 posted an 18.8% increase over 2019, the U.S. Department of Housing and Urban Development and U.S. Census Bureau

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‘It’s been crazy:’ Pandemic has sent lumber prices soaring, causing home construction costs to rise amid strong demand | Business News

“I would say that some builders are passing on as much [of the cost] as they can,” Bode said. “I don’t think they are passing on the full cost. It is having a big impact on the building industry in general.”

Bode said home builders have passed along costs to home buyers from as little as nothing to as much as $35,000 to account for lumber price increases.

Yet the market for new homes still remains strong, he said.

“We have seen some hesitation with buyers,” because of the cost increase, he said. “But we are still projected to have

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Builders Cite Building Material Prices as Top Challenge | NAHB Now

Nearly nine out of 10 builders expect building material prices will be their top challenge in 2021. To show the magnitude of this problem, the 89% builder response is down from the 96% of builders who reported this issue as their top concern in 2020.

Along the same lines, the No. 2 problem builders faced in 2020 was the availability/time it takes to obtain building materials. This issue was cited by 78% of the respondents last year, while 80% of builders report this will be a key concern in 2021. The high incidence of builders reporting building material problems is

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U.S. Home Prices Soar To Record Amid Housing Shortage : NPR

A for sale sign is displayed in front of a house in Westwood, Mass. Home prices hit a new record in October as the number of homes for sale hit an all-time low.

Steven Senne/AP


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Steven Senne/AP

A for sale sign is displayed in front of a house in Westwood, Mass. Home prices hit a new record in October as the number of homes for sale hit an all-time low.

Steven Senne/AP

There are fewer homes for sale in the U.S. today than ever recorded in data going back nearly 40 years. That’s a big part

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