According to the market index, lumbar prices have gone down substantially. In 2021 the average cost of lumbar in the united states was $1270 at its peak. This price has now come down to $695 currently in august 2022.
The quoted prices are for the 2×4 inch lumbar, primarily used in the construction of new houses. Hence the cost of construction of new homes is at an all-time. This is in keeping with the housing market suspected crash and bearish trends that we are sensing in the US. This is a great time for new constructors to start construction because by the time the houses are ready the market may start going up again. So, it is a great time to raise money. keep in mind raising money is not the same as borrowing money. As interest rate are going up borrowing is not a good option at this stage.
