We are nearing completion on our new build. We were doing framing last April and our lumber materials was about $85k. I guess that means if I was building the same house right now the same lumber would cost $300k, a $215k increase? How in the world is anyone getting started on a new build right now?
Our cabinet materials in September/October were about $60k and based on the index it looks like lumber is only up about 100% since then, so that would be $120k today I guess?
Anyone really knowledgeable on the subject and can provide better information? With wood being so much of what goes into a house, including floors, doors, etc, it seems like a new custom build would cost about 25% more than 1 year ago. If so, that is insane.
This is our 3rd new build over the last 7 or so years as I'm somewhat addicted (sold the 2nd as a spec), and as we're nearing completion on this one I already had my sights set on number 4, but not if it's going to cost 25% more to build the same house. INSANE
Our cabinet materials in September/October were about $60k and based on the index it looks like lumber is only up about 100% since then, so that would be $120k today I guess?
Anyone really knowledgeable on the subject and can provide better information? With wood being so much of what goes into a house, including floors, doors, etc, it seems like a new custom build would cost about 25% more than 1 year ago. If so, that is insane.
This is our 3rd new build over the last 7 or so years as I'm somewhat addicted (sold the 2nd as a spec), and as we're nearing completion on this one I already had my sights set on number 4, but not if it's going to cost 25% more to build the same house. INSANE