Skip to the content

Lumber prices dropping as supply chain issues subside

Source: WOWT

Date: 11/16/2022

OMAHA, Neb. (WOWT) - Encouraging news when it comes to a major product affected by supply chain issues: The price of lumber is dropping.

Tim Ferguson, vice president of Christensen Lumber in the Omaha area, tells 6 News there are two key factors: inflation plus higher mortgage rates are pushing down demand for new home construction.

As a result, lumber is more readily available.

Looking at houses under construction in west Omaha, near Gretna, there is lots of wood sitting in lots ready to be pounded and nailed.

Click here to read more>>