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John McClintock Team

Lumber Prices Surge to Another Record High

More than ever you need our negotiating services if you're considering purchasing new construction.

The price of lumber hit a record high last week and is up more than 170% over the past 10 months. That is prompting builders to have to raise new-home prices as soaring lumber costs add thousands of dollars to the price of building a new home, the National Association of Home Builders reports.

Builders point to tariffs on Canadian lumber shipments into the U.S. as exacerbating "unprecedented price volatility in the lumber market" over recent months.

"Lumber price spikes are not only sidelining buyers during a period of high demand, they are causing many sales to fall through and forcing builders to put projects on hold at a time when home inventories are available at a record low," NAHB reports.

Before you visit a new construction site or contact the builder, give us a call at 267‑759‑9518. It is likely in your best interest to engage buyer representation by the John McClintock Team. Often times we're able to negotiate upgrades, lot premiums and other items on your behalf as we guide you, step-by-step through the entire purchase process. And the best part is, our buyer-agency fee is already factored‑in to builders' prices so you're paying for 3rd‑party advocacy whether you use a buyer agent or not.

john mcclintock team

Information is deemed reliable but not guaranteed.