Announcement

Collapse
No announcement yet.

Crazy Inflated Home Construction Costs?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    #76
    Originally posted by Chad C View Post
    They could boost production in Canada. Just sayin'
    Canada has ammo and cheap lumber. This was self infected. They are probably laughing and and having a bit of "I told you so"
    Last edited by BrianL; 04-08-2021, 01:39 PM.

    Comment


      #77
      Values on built homes are up as well. It's really tempting to sell my house and land for double what we have in it (we saved a ton building ourselves, and the value has shot up), but then we'd have to pay the insane prices for materials to build again.

      Comment


        #78
        We've been planning for years to buy some land and build at this point in our life, after our kids graduated college and got married. Perfect timing for interest rates, but terrible for materials cost and demand. We're getting close on some land, but I'm still trying to decide whether we'll start building ASAP or wait a few months. Trump's tariffs definitely played a major role in kicking off this perfect storm in lumber prices. Hopefully they'll cut the remaining tariffs soon, and hopefully the mills will kick it back into gear. I'm not holding my breath for either of those to happen though. Too much money being sent to the government and the mills, so there's not much incentive for either to do what they could be doing to get prices to come down.

        Some interesting reading.....

        Curious about what drove up the cost of random-length lumber? We will help you understand what influenced the price of lumber in 2020 & what we expect to see in 2021.


        By Phil Crone Executive Officer, Dallas Builders Association Make no mistake, residential construction has largely thrived despite the COVID-induced disruptions and despair that have crippled so many other industries. Fueled by record-low mortgage rates and demand induced by the newfound importance of home, all of the ingredients are there for 2021 to set an all-time…


        A Commerce Dept. decision to reduce duties on Canadian softwood lumber shipments into the U.S. represents “a positive step” toward boosting housing starts and home affordability, but additional government action is necessary for housing to advance, the National Association of Home Builders said recently. The NAHB applauded a recent action by government officials to lower …

        Comment


          #79
          Is this a good time to call a logger and sell some pine trees off of my land?

          Comment


            #80
            Originally posted by Chew View Post
            Is this a good time to call a logger and sell some pine trees off of my land?
            Nope
            I couldnt give mine away. They are pulling like like crazy off of our lease. More this year than past 5 years. The loggers say they aren't getting anything for it.

            Comment


              #81
              Originally posted by DedDuk View Post
              Nope
              I couldnt give mine away. They are pulling like like crazy off of our lease. More this year than past 5 years. The loggers say they aren't getting anything for it.
              Wow. Thanks.

              Comment


                #82
                Originally posted by Chew View Post
                Is this a good time to call a logger and sell some pine trees off of my land?
                Logging prices haven't changed much, so bottleneck must in refining and processing.

                Comment


                  #83
                  Originally posted by huntingfanatic View Post
                  My buddy is a custom builder and is about to begin building our house. Price is $90,000 more now than it was 7 months ago. He said he thought MAYBE end of 2022. He keeps apologizing and showing us the bids. Lumber package bids are no good until they are paid for. They won’t even hold them a couple weeks

                  Metal building material costs are also climbing, but not as fast as lumber.
                  We closed on our home back in September and feel like we got in on low interest rate and not as much inflation as we are seeing now. Hope it all levels out so the housing market can normalize.

                  Comment


                    #84
                    I wish a few local appraisers would read this thread and reconsider their recent assessments...comps can’t even keep up with rising costs.

                    Comment


                      #85
                      Originally posted by Agdog View Post
                      I wish a few local appraisers would read this thread and reconsider their recent assessments...comps can’t even keep up with rising costs.
                      Do you feel the same about your local tax appraiser? :-)

                      Comment


                        #86
                        This thread is depressing. I just bought 3 acres and the plan is to build a house on said 3 acres. Luckily it'll be a year or so before I am in a position to do so, but I'm just hoping it gets close to what it was before I'm ready to build.

                        Comment


                          #87
                          Originally posted by RR 314 View Post
                          Do you feel the same about your local tax appraiser? :-)

                          Ha! If my local tax appraiser appraised new homes we’d always come in over value!

                          Comment


                            #88
                            This popped up in my YouTube feed today. Buckle up because it's gonna get worse.





                            Sent from my SM-N975U1 using Tapatalk

                            Comment


                              #89
                              Our addition was pretty much double what it would have been at the beginning of 2020. And we are helping our contractor as much as we can to get his newer jobs moving. He had 89 employees when he started our addition at the end of January. He now has 160 and is trying to hire more workers. The freeze exploded the remodeling industry. It’s insane, absolutely insane. He might get close to breaking even on our job, because the bid quickly lost profit with the freeze. We are being patient, and allowing him to send guys up as often as possible, so that he can make money off of other jobs. Some might say we are crazy, but his work is impeccable and worth waiting on. That being said, I’m ready for them to finish and get out of our hair

                              I don’t see prices dropping for a while, it’s a statewide remodeling boom after the Feb freeze

                              Comment


                                #90
                                sounds like I might need to take a look at my homeowners insurance policy ...

                                Comment

                                Working...
                                X