If you follow the commodities markets, you might wonder why bling isn't made of wood instead of gold these days.
Builders can get lumber if they wait and are willing to pay through the nose. Construction is more expensive, with obvious impacts on strategies at all levels of CRE: owners, developers, investment, and brokering.
The National Association of Home Builders has said that lumber prices are triple what they were in April 2020, increasing average single-family home construction by nearly $36,000.
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