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Wednesday October 4, 2023

THE MINNESOTA HOUSING INDUSTRY NEWS SOURCE BY HOUSING FIRST MINNESOTA

Tag: COVID-19

  • Building material prices climb even as lumber prices fall

    Building material prices climb even as lumber prices fall

    Softwood lumber prices continue to fall in 2022, but the drop has yet to offset the price increases from the previous price surges caused by the pandemic supply issues. On top of that, additional building material price increases pushed overall material prices to climb again in August, up nearly 1%. According to the National Association… Read More

  • Wait time for new homes increases

    Wait time for new homes increases

    The timeline for new home construction is becoming noticeably longer in many parts of the country. This slowdown comes at a time when new homes are in high demand as the inventory of available homes for sale shrinks to a historic low. Almost two years of supply chain disruptions prompted by the COVID-19 pandemic caused… Read More

  • Building material costs impacted as demand falls from inflation

    Building material costs impacted as demand falls from inflation

    The price of construction materials for new homes continues to escalate going into summer. On top of already volatile supply chain effects still lingering from the COVID-19 pandemic, material costs are now starting to be impacted as inflation impacts most sectors of the economy. In 2021, the price of construction-related materials rose 15.9% throughout the… Read More

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