South Tampa Real Estate Report
South Tampa Real Estate Market Report | 05/30/21 - 06/05/21
The rising cost and scarcity of construction materials together with unprecedented demand for housing has driven up home prices over the last year, but there may be some relief in sight. Lumber futures, which provide price protection for the forest product industry, dropped 24% between 5/10/21 and 6/7/21. Theoretically, that means the price of lumber is coming down, but futures are complex and can see wild price swings on a daily basis. If lumber prices do go down, don't get too excited...according to this article from Realtor.com, you may have trouble finding your favorite shade of greige and if you do find it, it's likely to be more expensive due to a paint shortage. Have a great week!
Michael Palermo
