Lumber prices are finally coming down from the stratosphere. In fact, the Wall Street Journal (reposted on Realtor.com) suggests they’ve fallen so far that they are starting to look cheap to some buyers. However for new home buyers the WSJ paints a different picture. They’re reporting that home builders are saying they expect to collect higher profit margins rather than lowering their asking prices. Well, okay then…
“…That is typical following periods of rising commodities costs, when the broad economic growth that normally accompanies higher raw-materials prices enables companies to pass along more expenses.”
Click here to read the full story at Realtor.com.
Click here to read the full story at the Wall Street Journal.
Click here to see the current price of framing lumber.
