Lumber Prices Are High—Does That Mean You Should Wait to Start Your Project?
If you follow price trends at all in the construction industry, then you may have noticed that lumber prices have risen sharply in recent months.
Because of this, many people are wondering whether they should postpone their pole barn project; we’ve taken the time to outline the three biggest reasons that waiting probably isn’t a smart move.
Top Reasons Not to Wait for Lumber Prices to Fall
If you think you might want to hold off on investing in a pole building, be sure to consider these points first.
Lumber may continue to rise.
While the old adage that “what goes up must come down” is often true, that’s not always the case when it comes to material prices. Given the astronomical rise in lumber prices that’s already taken place in 2020, there’s no guarantee that the cost will come down anytime soon.
What’s worse, you may actually end up paying more for your project if you choose to wait and see what happens with lumber prices. When you reach out to a pole building contractor for an estimate, the proposal prices are only honored for a short period of time; if you decide to wait too long before moving forward with your pole building, lumber prices may have risen even further by then.
You may end up waiting even longer.
Adding a pole building to your property is exciting, so the last thing you want is to end up waiting even longer for your project to be completed.
Unfortunately, many contractors book out months in advance; if you wait to move forward with your project, you may find that you have to wait much longer than anticipated before your building is constructed.
It’s understandable if 2020’s high lumber prices have given you pause as you plan your pole building, but history has shown that once prices rise, they don’t tend to come back down, even once they stabilize. This means that now is the perfect time to get started on your building.
Now that you have some more perspective about how to think of lumber prices in relation to your building, we hope you’re feeling confident about moving forward—contact us to talk through your project!