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More Buyers are Looking for a New Home

Filed in Economics, Trends, Uncategorized by on May 3, 2021 1 Comment
More Buyers are Looking for a New Home

A growing number of buyers are looking specifically at new home construction from the onset of their home search.

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Skyrocketing Lumber Prices Add Nearly $36,000 to the Price of a New Home

Skyrocketing Lumber Prices Add Nearly $36,000 to the Price of a New Home

Soaring lumber prices that have tripled over the past 12 months has caused the price of an average new single-family home to increase by $35,872, according to new analysis by the NAHB Economics team. This lumber price hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment.

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