According to Virginia REALTORS, there is some good news for builders and home buyers as lumber prices are finally starting to fall! Prices fell below $900 per thousand board foot of lumber, reflecting a drop of 44.2% from the recent peak.
Lumber prices skyrocketed in part because of the strong housing demand so some new residential projects that have been put on hold could start back up again as costs begin to fall. (Source: Virginia REALTORS).
We are currently working with 3 builders in the area. If you have thought about building a new home of your own then let us walk you through the process. Contact William Bowles today at 804-282-2828..
“Make Your NEXT Home a Grand Heritage Home!”
(Licensed in the Commonwealth of Virginia)