FARGO, N.D. (Valley News Live) – May marks the start of the Parade of Homes in the Fargo-Moorhead area, as people walk through the new houses on the market. However with the rising prices of lumber, it could make it more difficult for home owning and building.
“It’s a challenge getting materials also, we’re in a little different world right now. Even existing homes are moving really fast.” said Plecity Kowalski Construction owner Jason Plecity.
“Well it does make it a little bit more expensive to buy, but interests rates are extremely low so usually the interest rate being low is more important than the price popping on lumber and that kind of thing.” said Dietrich Homes owner Clay Dietrich.
Data from Markets Insider shows that the price for lumber has sky-rocketed since last year. For example, on April 30, 2020 the price for 1,000 board feet came to $319.70. Fast forward to…