4 ms·
Lumbar as a whole has minimally doubled during the last year[1]. A lot of people are moving to Texas, which raises demand, which raises prices. There is also a
by cronix 5y ago
Lumbar as a whole has minimally doubled during the last year[1]. A lot of people are moving to Texas, which raises demand, which raises prices. There is also a current lumbar shortage, which makes house building unpredictable when you have to plan 1+ years out.
You don't just go from 0 to a house. There is usually about a year of designing/planning which have to be approved and meet national and local code, numerous inspections, approvals and permits before ground is broken. Most people who move buy an existing house because they want to move "now." Out of all of the places you've lived, how many did you have custom built vs moving into an existing structure?
Prices are rising pretty quick in Arizona and Idaho as well. Idaho was the quickest growing state in 2020[2]. Those are also hotbeds of people moving to them. Most are trying to escape California, Chicago and NY. CA and NY lost population and even recently had their US House seats reduced as a result[3].
[1] https://fortune.com/2021/04/27/lumber-prices-are-up-232-and-it-could-spiral-out-of-control-in-the-next-few-months/ https://fortune.com/2021/04/27/lumber-prices-are-up-232-and-...
[2] https://www.kxly.com/idaho-leads-country-with-amount-of-people-moving-into-the-state/ https://www.kxly.com/idaho-leads-country-with-amount-of-peop...
[3] https://www.usatoday.com/in-depth/news/politics/elections/2021/04/26/census-count-reallocates-7-house-seats-could-affect-2022-midterm/7385392002/ https://www.usatoday.com/in-depth/news/politics/elections/20...
- bobthepanda 5y agoFor future reference, “lumber” is wood and “lumbar” has to do with your lower back (e.g. “lumbar pain”)