Lumber prices dropping as supply chain issues subside
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.