You may have heard that the price of lumber is finally going down, and you may be thinking that the price to build is coming down a lot and soon! Well, "the "cash" price of lumber is down 20%" according to Fortune, but that doesn't tell the full story...
Since the global pandemic, lumber prices were not the only volatile piece of the construction and home building market. Windows, appliances, doors, copper and other materials have ALL been in a shortage.
According to the National Association of Home Builders, "Shortages of materials are now more widespread than at any at any time since NAHB began tracking the issue in the 1990s, with more than 90% of builders reporting shortages of appliances, framing lumber and OSB."
This survey and other sources clearly show that just because lumber prices are starting to dip, that dip may not affect the current climate of the construction market much. Chuck Fowke, chairman from NAHB, wrote that "a growing number of builders are limiting sales in order to manage supply chains, including access and cost factors associated with lumber, appliances, and other building materials.”
At Manuel Builders, we want to continue to build homes, safe havens for those in our communities, and we are working diligently to track the price of all materials and give our homebuyers fair pricing that is reflective of the current market.
Our building consultants are here to help you make the right decisions for you and your family. Contact us today to discuss your options.
Manuel Builders is a family owned company that has been in business for over 50 years. We build residential homes on your lot and develop outstanding communities. We have built in Lafayette, Carencro, Broussard, Youngsville, Erath, Kaplan, Ville Platte, Lake Charles, Sulphur, Westlake, Moss Bluff, Iowa, Dequincy, Duson, Scott, Maurice, Anchorage, Port Allen, Brusly, Addis, Baton Rouge, Scotlandville, Merrydale, Monticello, Central, and surrounding cities in Louisiana. Manuel Builders reserves the right to make changes to speculative homes under construction. Colors, exterior finishes and square footage may vary from pictures, plans, and virtual tours. Elevation Renderings could include optional features that are not included in the base price. Prices also subject to change without notice.