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Why Builders Wait to See Lower Lumber Prices

Pro Builder

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold.

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Current Housing Price Growth 'Not Sustainable'

Pro Builder

While the housing market’s boom can be justified, there are a handful of trends resulting from low inventory and high demand that are not sustainable. As a result, home prices are rising in excess of income growth, says Robert Dietz, chief economist for the National Association of Home Builders. month supply.

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Home Affordability Falls in the Second Quarter

Pro Builder

median income fell sharply from the first quarter to the second quarter of 2021. The National Association of Home Builders says building material costs, high demand, and low inventory have pushed home prices up by tens of thousands of dollars. The NAHB/Wells Fargo Housing Opportunity Index found 63.1% In Pittsburgh, 90.6

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