👨‍💼Lumber Prices Coming Back Down?

By
Real Estate Agent with Arizona Focus Realty SA634540000

💥Lumber Prices Coming Back Down?


 ☀️For ALL of Your East Valley AZ Real Estate Needs

📞Call or 🙋‍♂Text Brian at 480-773-2370

📨Email Brian  ~  Search the MLS for FREE



 

Lumber prices have dropped below $800 per thousand feet this year, and are down 30% year to date. Is this a time for homeowners to renovate or investors to flip...?  To read the full article...  Click HERE.

 


I specialize in the East Valley of the Phoenix Metro area - Gilbert, Mesa, Chandler, Tempe, Scottsdale, Apache Junction, and Gold Canyon


☀️For ALL of Your East Valley AZ Real Estate Needs

📞Call or 🙋‍♂Text Brian at 480-773-2370

📨Email Brian  ~  Search the MLS for FREE

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Comments (20)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Brian... the issue of actually getting your hands on the material due to supply chain problems is still there despite price drops.

Jun 30, 2022 04:28 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Brian. Nice to see prices coming down but they still have a long way to go. Renovate or adult libations? No contest, what are you drinking, ha, ha? Enjoy your day.

Jun 30, 2022 05:05 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Nina Hollander, Broker there are so many issues in the world today that tie into making other things difficult for all of us.

Jun 30, 2022 05:07 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Wayne Martin that is true, I can barely afford adult libations these days and I cannot afford to renovate, haha.

Jun 30, 2022 05:08 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Like so many things, what goes up usually comes back down except my weight. LOL Great information.  Thanks for sharing and enjoy your upcoming Holiday weekend! Bill

Jun 30, 2022 06:00 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Ain't that the truth Bill Salvatore - East Valley the battle of the bulge is a neverending battle the older we get, haha.

Jun 30, 2022 06:03 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

Even with price dips, if there is no inventory or limited inventory, then as others have noted the price changes have no value.  So glad we did our updating before prices took off.

Jun 30, 2022 06:39 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Brian - that is good news now we need to get this supply chain solved on many products.

Jun 30, 2022 06:45 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Brian,

Good article and glad to see the lumber prices down. Only issue is the supply change ...trying to get it where you need it!

Jun 30, 2022 06:47 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It sounds like your timing was good for your own renovations Leanne Smith!

Jun 30, 2022 07:18 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The supply chain is certainly confusing Grant Schneider and it has never made sense to me as to why it has become such an issue.

Jun 30, 2022 07:20 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Good morning, Dorie Dillard Austin TX hopefully things will improve all-around since too many things seem to be in shambles these days.

Jun 30, 2022 07:20 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

This would be good if we actually see this happening Brian. We are doing some work on our home and our contractor said he hasn't seen this yet, so no discount for us!

Jun 30, 2022 07:32 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hopefully, he is a trustworthy contractor Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 and not pocketing extra profits, haha.

Jun 30, 2022 08:34 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Brian good to know about the prices coming down in lumber.  Just got back from vacation.

 

Jun 30, 2022 08:55 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I think that is good as well Will Hamm and hopefully those savings will be passed down to the consumers, haha.

Jun 30, 2022 09:22 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, had not heard this, so GREAT news for the builders and hope MAYBE the prices will come down?

Jun 30, 2022 09:50 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have a feeling that even though their costs will come down Joan Cox they will increase their profit margin rather than passing on the savings to the consumers, haha.

Jun 30, 2022 10:33 AM
Joan Cox

I would agree with you.

Jun 30, 2022 10:39 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Brian that us good news, and should make constructions cost more affordable.

Jun 30, 2022 12:58 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I sure hope so George Souto since everything seems to be unaffordable these days, haha.

Jun 30, 2022 01:02 PM