REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Lumber costs ease but still remain high

Lumber futures have dropped almost 50 percent from their 300 percent peak in May 2021, according to Nasdaq.

The fall came as mills restarted or ramped up production and some customers delayed purchasing until prices came down, the New York Times reported.

However, prices remain at more than double what they were a year ago.  Mills have begun to restart or increase production.

Prices for steel, glass, PVC, metal studs, doors, and appliances also remain high. At the same time, builders are challenged with higher labor costs and less interest from potential workers.

Read article: Lumber costs are easing – but still causing headaches for builders, San Antonio Business Journal (6/25/21)

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