Since 2019, we have seen the price of lumber rise rapidly. If you're in the market to buy or build a new home, this is something that you have noticed and heard about. However, the lumber pricing has recently seen a drop in prices as well.
While this sounds like great news, it is only a small drop. This is because while prices are down, they are still higher than normal, they're about 80% higher than pre-pandemic levels. This can create a problem for critical housing but also clients like ours who are building their dream home.
Since 2020, construction of a single-family home has risen by 12%. It may not seem like a lot but if you are in the market to build a new home, this is significant!
When you factor in the rise in construction costs and the fact that the lumber supply is still low, you may think that it isn't a good time to build your dream home.
But it is!
Interest rates are still lower than we've ever seen, so it is a good time to lock in mortgage rates and your pricing with Lindal and the planning of a custom home isn't done overnight.
You can start planning your dream home today!
Building Your Legacy
To learn how we can help you create your Dream Home with Fine Point and Prairie Cedar Homes, call us at 1-855-554-6325 or register your interest here: Register with Fine Point Cedar Homes.
This month, we are featured in the July issue of Saskatoon Home Magazine, and we couldn't be more excited!
As a part of the Western Canada and Saskatoon community, we are honored to be a featured advertiser and to support them as they have supported us.
As a local business, we strive to use local builders and local suppliers, especially when it comes to the lumber used to create your dream home!
Check out this month's magazine, July Issue.
Building Your Legacy
To learn how we can help you create your dream Home with Fine Point and Prairie Cedar Homes, call us at 1-855-554-6325 or register your interest here: Register with Fine Point Cedar Homes.
We are so excited to be featured in the Summer Issue of Saskatoon Home's magazine!
This magazine is Saskatoon's longest-standing glossy print magazine. It publishes and features, local in content, and in curation, using local writers, photographers and designers.
Check out the summer issue today and learn more about how we help you design - supply - and build to full construction all with local trades and contractors!
Building Your Legacy
To learn how to make your dream home come true with Fine Point and Prairie Cedar Homes, call us at 1-855-554-6325 or register your interest here: Register with Fine Point Cedar Homes.