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Builders grapple with land shortage, soaring lumber costs

Jaz King, an employee of Pine Ridge Construction Co. Inc., Wild Rose, trims a wooden stud Jan. 15 before securing a top plate at the site of the Mammoth Springs apartment development in Sussex. The national lumber industry is bracing for the possibility that material prices will increase as supply fails to meet demand. (Staff photos by Kevin Harnack)

U.S. homebuilders are poised to benefit this spring homebuying season amid strong demand, low mortgage rates and an all-time low inventory of previously occupied homes for sale. But soaring lumber prices and a shortage of construction-ready land could limit their ability to capitalize on the strong housing market trends, analysts say.

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Evers proposes $2.4 billion in Wisconsin building projects (UPDATE)

Milwaukee County's 2019 budget includes plans for the Milwaukee Public Museum, which could cost $100 million for a new building. (Staff photo by Joe Yovino)

Gov. Tony Evers wants to spend $2.4 billion on Wisconsin building projects over the next two years, with nearly a half of that going toward projects across the University of Wisconsin System, $163 million for a new state office building in Milwaukee and plans to move the state historical society museum to a new location near the Capitol.

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