Softwood Lumber prices increased on a month-over-month basis for the first time since July of 2023, according to the U.S. Bureau of Labor Statistics.
Softwood lumber prices fell by nearly 6% in November and are down almost 20% on a year-over-year basis.
The new policy will in part help first-time buyers, seniors, and intergenerational families to leverage ADUs to attain homeownership.
Sellers remain hesitant to list homes in the high mortgage rate environment, and buyer activity remains muted.
Residential building material prices have increased 0.2% over the past 12 months
