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Tag: price

Lumber prices skyrocket amid pandemic

NAPLES, Fla. – Prices of construction material are skyrocketing as manufactures shutdown during the the pandemic. Gulfstream Homes along with construction companies nationwide are feeling the effects.  “We have seen our lumber costs more than triple in a very short period of time,” Co-Owner of Gulfstream Homes Michael Peel said. “We are also seeing increases across the board in other materials, steel, copper and paint.”  To put it in perspective Peel said last year you could purchase a sheet of plywood for $17, will now cost $50.  “So its making for a very difficult time...

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*Assumes 2.799% APR, 20% down payment, and conforming 30-year fixed rate first mortgage on a single family, primary residence. The monthly payment you enter includes only principal and interest. Additional required amounts such as taxes, insurance, home owner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan based on the payment entered. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice.  **Posted APR is based on Mortgage Assumptions
 
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