The National Association of Homebuilders (NAHB) have addressed the growing concern in the home building industry with the White House in hopes of bringing lumber prices down "by calling on domestic lumber producers to ramp up production to ease growing shortages and making it a priority to work with Canada on a new softwood lumber agreement that would end tariffs averaging more than 20% on Canadian lumber shipments into the United States."
The COVID-19 pandemic has also had a significant impact on lumber production, which combined with the increased demand for new homes in the real estate market, has led to a shortage of materials in the market causing potential delays due to supply shortages.
Why is OSB so Expensive?
Also contributing to the shortage, the recent hurricane has left several OSB plants without power for weeks and caused others to perform at significantly reduced capacity which added further strain to the supply chain.
Lumber prices up more than 160% since mid-April. These price levels are affecting demand for remodeling and new builds and holding back an otherwise bright spot for the economy: housing. https://t.co/LOqX4BJfAy
For over 13 years, Omega has been focused on lean construction & processes to allow us to keep our costs low and offer affordable homes that are competitively priced.
Yes, our new home prices have gone up as a result of the lumber increases; however, our team has worked closely with our vendors & trade partners to minimize the impact and because we are continuously working to improve in all areas of construction, we are proud to be able to offset some of the incurred cost and have not had to raise our prices as much as others throughout Texas and the United States.
Our Construction and Purchasing & Estimating Teams are working tirelessly to avoid delays on job sites as a result of the shortage and are hopeful that there will be minimal impact to our construction schedules.
Not all home builders are the same.
To get started, check out our latest guide with 3 Questions to Ask Your Homebuilder: