I talked to one of the huge builders. And they actually said the opposite

Jun 15, 2021
8:10:48am

cougarfann888 All-American

Being able to shut down design rooms and cut staff. Also being able to just build on your own schedule with the supplies you can get without having to deal with homeowners wanting to change things has actually increased their margins

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cougarfann888

Bio page: cougarfann888
Joined: Oct 10, 2010
Last login: May 4, 2024
Total posts: 27,583 (83 FO)

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Messages

Author

Time

Lumber prices dropped 41%, real estate cooling down?

BYUfan92

6/15/21 7:37am

Lumber hoarders are now selling due to drop. That should further help supply.

SweetBabyG

6/15/21 7:42am

This. Surprised how many Facebook ads are popping up trying to sell lumber

PKCoug

6/15/21 8:13am

Once inventory expands and interest rates increase, then it will get back to

idacoug

6/15/21 7:42am

I don't think we'll see much of an expanding inventory in desirable areas.

Shore10

6/15/21 8:02am

Please keep dropping, at least for a few another 4-6 weeks!!!!

TheLoneCougar

6/15/21 7:44am

I talked to the assistant super intendent of Flagship homes in Eagle Mtn.

RockyBalboa

6/15/21 7:44am

So they will complete the home before listing it? No option to buy and add

JohnnyC

6/15/21 7:54am

As of now that's my understanding.

RockyBalboa

6/15/21 7:55am

Interesting. I live in the Silver Lake area.

JohnnyC

6/15/21 8:02am

Hopefully they can find some chlorine for the pool!

RockyBalboa

6/15/21 8:14am

We only used it once since it open.

JohnnyC

6/15/21 8:16am

A lot of big homeowners have moved this way. It takes so much more time and

cougarfann888

6/15/21 7:57am

Yeah but the margins are a lot bigger when you can customize and tack that on

Iman23

6/15/21 8:01am

I talked to one of the huge builders. And they actually said the opposite

cougarfann888

6/15/21 8:10am

This. Much easier and usually better financially. If they don't like it they can

Druick

6/15/21 9:28am

Actually with increasing market prices margin is maximized by delaying

Bin01015

6/15/21 9:07am

My Dad and Bro are builders in Az and thats how they do it.

Druick

6/15/21 9:27am

In Daybreak most (if not all) builders have gone spec only.

Junior Deputy

6/15/21 8:04am

Real estate hasn't cooled in Austin area yet, but we're having a real growth boom

BeyondTheMark

6/15/21 7:45am

And I hope lumber keeps going down- I have a fence to put in!

BeyondTheMark

6/15/21 7:46am

Do vinyl!

BYU Grounds

6/15/21 5:38pm

Wouldn't match the rest of the fencing or anything else in the neighborhood. Pretty sure the association

BeyondTheMark

6/16/21 7:44am

What is your area? The areas I've followed in Utah at least haven't shown any

RdF3

6/15/21 7:49am

North Phoenix, about 10 minutes from the LDS temple

BYUfan92

6/15/21 8:12am

The 3 homes listed in my neighborhood in north Utah county haven’t sold and have

Chefcurry

6/15/21 7:51am

Listed above $1mm I’m sure?

RdF3

6/15/21 7:54am

Yes all 3. Just a few months ago every home listed was getting 10+ offers. So

Chefcurry

6/15/21 7:59am

I’ve seen several houses drop prices in St George, but then again they were

Nat Gas Man

6/15/21 8:08am

Only places like Highland and Alpine have cooled down. The rest of the county

O Gaucho

6/15/21 10:06am

I’m in highland so yea that makes sense

Chefcurry

6/15/21 10:38am

CB told me two weeks ago that Utah will never slow down nor will prices drop!

Iman23

6/15/21 8:03am

No it didn’t.

Junior Deputy

6/15/21 8:06am

Not sure, as mentioned, I live in AZ, so I'm curious about other markets....

BYUfan92

6/15/21 8:11am

I don't see the Utah County, South Salt Lake County markets cooling anytime ...

BYU Grounds

6/15/21 8:28am

Sower growth is very different than a significant correction

DC12

6/15/21 8:29am

I don't remember seeing anyone say this

Gente_Boa

6/15/21 9:27am

Not slowed down, just supply finally made up ground....

ABN RGR

6/15/21 8:12am

Considering that Biden just shut down the tariffs on EU products for five years

Nat Gas Man

6/15/21 9:11am

Please do. Not for any good or politically responsible reason. Purely selfish

PKCoug

6/15/21 10:32am

Lumber prices are still 3x what they usually are, and 50% above the all time

MyTwoCents

6/15/21 2:52pm

Now if we could just get some rain, life would make sense again.

MrClark

6/15/21 4:14pm

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