Tag Archives: homebuilders

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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