Lumber prices increased 14.9% in August, marking the largest four-month gain since such data was first recorded in 1949 and the second-largest gain since seasonally adjusted data became available in 1975. Such a sharp increase has put unnecessary pressure on home owners and builders alike to figure out how to close the gap.
Amazingly, our real estate market here in Charleston went about business as usual. We were considered an essential business because people have to have shelter. Of course, we expected a huge slow down in demand. But we didn’t see it.
Take your time, ask questions, plan and have an advocate on your team who only represents your best interests.