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Posts from May 23rd, 2021

Burgan Real Estate Blog

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Awards | 9 Posts
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May
23

If a tree falls in the forest, does it make a sound?  Yes.  Yes, it does.  And as of late, the sound it has been making has been "cha-ching."  

Lumber prices have been soaring higher than home prices this year.  The inflation in lumber prices has not only caused obstacles for new construction but has also produced some of the funniest memes of the year on social media.  But before you go and cash in your cryptocurrency for 2x4's as a viable retirement plan, you may want to reconsider as the prices are starting to fall, causing a sigh of relief from builders everywhere.

No one has been immune to the fallout of the pandemic, including home builders, whose sentiment sank to the lowest levels since August of 2020 as lumber prices reached record highs over the last 5 months, according to a newly released report from the National Associatio...

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