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Note: This article is part of our State of the City project, in which The Dallas Morning News explores the most critical issues facing our communities.. ....
Soaring lumber costs hammer homebuilders Homebuilders who are scrambling to meet a swell of buyer demand are hitting a wall. Prices of lumber and other wood products have soared in recent months, eating away at their profits and causing a further rise in new home prices. Builders and industry analysts say that costs of some building materials have doubled and tripled from a year ago, thanks to increased demand and supply constraints. “Lumber is in flux so much right now it may cost you an extra $50,000 to build a house,” Dallas homebuilder Jeff Dworkin said. “A 2-by-10 framing piece that cost me five bucks a year ago is now costing me over $10.” ....
Soaring lumber costs hammer D-FW homebuilders Some building materials prices have doubled and tripled since last year. Lumber prices are spiking as D-FW homebuilders ramp up construction.(Smiley N. Pool / Staff Photographer) Homebuilders who are scrambling to meet a swell of buyer demand are hitting a wall. Prices of lumber and other wood products have soared in recent months, eating away at their profits and causing a further rise in new home prices. Builders and industry analysts say that costs of some building materials have doubled and tripled from a year ago, thanks to increased demand and supply constraints. “Lumber is in flux so much right now it may cost you an extra $50,000 to build a house,” Dallas homebuilder Jeff Dworkin said. “A 2-by-10 framing piece that cost me five bucks a year ago is now costing me over $10.” ....