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Good News for Homebuilders as Lumber Prices Fall


Timber!!!!

2018 has not been a great year for U.S. homebuilders. A severe labor shortage combined with other challenges has eaten into their profits.

However, some good news has arrived. The price of lumber has decreased for the past three months because of a 5% rise in supply.

Low unemployment and a softening housing market in many regions of the country, should increase demand for new homes. But 2019, as we are seeing now towards the end of 2018, may see a downturn as interest rates rise.

Robert Dietz, Chief Economist at the National Association of Home Builders says that

“favorable economic conditions and demographic tailwinds should continue to support demand, but housing affordability has become a challenge due to ongoing price and interest rate increases."

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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