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What is driving up the price of new home construction

Lumber cost skyrockets in 2020

Looking to buy a new home in 2020?

Find out what’s going on in the new home construction market now.

Every week I create a one-minute video about real estate. My goal is to get you up to date information about the real estate market in general as well as specific information about Naples, Florida.

I want you to be informed so that you can make an educated decision about your real estate needs.

This week’s one-minute video topic is new home construction:

The cost of a new construction home in 2020, specifically purchasing a new home in the summer of 2020.

If you were planning on purchasing a new home now, expect to pay more. The prices of new construction homes have increased in 2020. 

To find out more about what is driving the cost of a new home higher in 2020. Watch my quick one video on the subject of new home sales.

Here is a quick insight into the video. There two main factors driving up the cost of a new home, demand, and the price of lumber. 

Enjoy.

 

Lumber cost skyrockets in 2020

Links to news articles.

Here are the links to the news articles I used to research the prices of new construction homes in August, 2020.

High Demand For New Homes Fuels Surge in Lumber Prices

New Home Sales Surge 13.9% – Far More Than Thought

Investing.com – Lumber prices

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