Potential Homebuyers in the Atlanta Area Face Rapidly Increasing Lumber Prices

Due to low home mortgage interest rates and the ongoing economic recovery, demand for new homes in the Atlanta area and around the country continues to increase. Potential homebuyers, however, are facing a new hurdle as lumber remains in short supply and prices spiral. According to a report released recently, increasing lumber prices have added nearly $36,000 to the average price of a newly constructed home in the past twelve months alone. Decreased lumber production due to the Covid pandemic and tariffs imposed on Canadian lumber imports have contributed to the increasing prices.

Home mortgage interest rates are low! Contact Peachtree Mortgage Services, Inc. to discuss your new home purchase or loan refinance at peachmtg@bellsouth.net or 770.481.0052.