Expensive lumber limits new housing supply which raises the price

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Apr 9, 2021
6:13:44am

novacoug1 All-American

And lumber supply was limited by factory shutdowns at the begining of the pandemic.

This message has been modified

Originally posted on Apr 9, 2021 at 6:13:44am

Message modified by novacoug1 on Apr 9, 2021 at 6:18:49am

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novacoug1

Bio page: novacoug1
Joined: Jan 31, 2012
Last login: May 7, 2024
Total posts: 9,684 (28 FO)

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Messages

Author

Time

How much of the housing price boom is due to the foreclosure and eviction ban?

stenso

4/8/21 11:04pm

4million homes in forbearance

Nat Gas Man

4/8/21 11:09pm

I think that number is a little inflated.

CougCoug3

4/8/21 11:10pm

It's very inflated. The vast majority of those just took advantage of it.

breakingblue

4/9/21 12:00am

This is probably true. But if they are unemployed they will not

Nat Gas Man

4/9/21 10:59am

In most areas homeowners have equity, they're not going to let their homes go

BYUFBDAD

4/9/21 11:20am

It’s also inflated because the government is mandating that they can have a

cougarfann888

4/9/21 11:41am

I think a large portion of the inventory shortage is also sellers that don't

BYUFBDAD

4/8/21 11:09pm

I know several people that want to sell, but there’s nothing to buy

JOPE

4/8/21 11:12pm

I also know a family that cashed out last year because they thought the market was nearing the top

JOPE

4/8/21 11:15pm

There’s a senior missionary couple serving in my ward

cougarfann888

4/8/21 11:24pm

Prices aren't going to go down. The cost to build is out of control.

breakingblue

4/9/21 12:01am

Cost has little to do with price.

ToasterChive

4/9/21 12:58am

Expensive lumber limits new housing supply which raises the price

novacoug1

4/9/21 6:13am

But that won't last

IrishBlue

4/9/21 7:39am

There’s a difference between expensive lumber and a scarcity of lumber.

ToasterChive

4/10/21 10:58pm

You have foreclosures and sales to prevent default. . .

CosmoK

4/9/21 12:07am

Good point. There is still a moratorium on evictions right now for the past year

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