A recent Modcoach poll shows that lumber pricing has already forced modular factories in all parts of the country to raise their costs to builders and developers since January 1st.
Many parts of the U.S. are facing lumber shortages — and experts say the problem is acute in the West after 2020’s devastating wildfires.
Industry experts say several events led to the lumber shortage: lockdown orders and closures, new safety protocols that slowed production at mills and a spike in home remodeling while Americans were quarantined followed by a massive wildfire season.
The National Association of Home Builders, or NAHB, reports that between mid-April and mid-September, lumber prices soared more than 170%, adding $16,148 to the price of a typical new single-family home.
Prices drifted lower at the start of fall, but they’re on the rise again.
The question for modular factories and builders is how to continue quoting prices into 2021 now that the costs of lumber and many other basic commodities are showing no signs of stabilizing.
Gary Fleisher, the Modcoach, writes Modcoach News and Modular Home Coach blogs as well as the best site for off-site consultants, Modcoach Connects.
Contact Gary at [email protected]
