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Economy

70sEraVet

(5,578 posts)

2. I'm surprised the article never mentioned inflated lumber prices

Reply to Tomconroy (Original post)

Thu Jul 29, 2021, 09:59 AM

Jul 2021

as a factor in driving up home prices and in causing a drop in numbers of new homes being built. No builder wants to add $30,000 to the cost of building a home, that they might not be able to recoup if the lumber prices drop back before the house goes on the market!

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Is Housing In A Bubble? [View all] Tomconroy Jul 2021 OP

In this area, it's mostly second homes, so who knows. TreasonousBastard Jul 2021 #1

I'm surprised the article never mentioned inflated lumber prices 70sEraVet Jul 2021 #2

Yes agree! but declined since then right? Laura PourMeADrink Jul 2021 #3

Think prices will decline but it's really just impossible to imagine Laura PourMeADrink Jul 2021 #4

Hedge funds and other investment companies are snapping them up Warpy Jul 2021 #5

For what it's worth, Goldman Sachs thinks prices will Tomconroy Jul 2021 #6