Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.
Rising lumber costs have increased the cost of new homes by an average of $36,000, according to an Inman article published May 3. The soaring costs are having a profound effect on not only the new-home construction industry, but also inflation — a growing concern in a pandemic-induced market.
“During the pandemic it was really hard for builders to get the materials,” Nicole said. “But now, even if they’re able to get the materials, the costs continue to skyrocket.”
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