The Expert Podcast

• Lumber Price Trends
  • Current prices are in the $500–$600 range per thousand board feet, well below last year's highs.
  • Recent 10% increase in prices, but still far from the $1,000 range.
  • Prices likely won't return to the $300–$400 range seen years ago.
• Market Predictions
  • $500–$600 may become the new norm.
  • Real estate market stabilization could push prices to $600–$700 in the coming year.
• Opportunities for Builders
  • Despite higher interest rates, demand for remodels, additions, and new homes persists.
  • Current lumber prices create a potential profit margin for builders.
• Housing Market Overview
  • Approximately 5 million potential homeowners are waiting to enter the market.
  • Many buyers are adapting to mortgage rates of 5–6%, which are often cheaper than rent.
• Future Demand Insights
  • Demand for housing is expected to grow over the next 2–3 years.
  • Builders pulling back now may lead to an even tighter market later, with fewer new homes available.
• Key Takeaway
  • Builders who can secure labor and capital have an opportunity to meet the increasing demand in the next 12–24 months.