Kenny Darr is KGUN 9's Oro Valley reporter. Send your story ideas to Kenny at [email protected].
As Floridians begin rebuilding after the powerful Category 3 storm that hit Wednesday night, home builders in Arizona are bracing for potential disruptions in the supply chain and rising prices. “Historically, anytime a big storm comes through Florida or one of those regions, it’s very viable for us to see significant price increases,” said Cole Williamson of Fairfield Homes . Williamson noted that lumber and concrete could be the key materials facing shortages or price hikes in the coming weeks.
“Countertops, light fixtures, things like that—they’ll go up in price, but they’re not the bulk of the house,” he said. “The big bulk pricing of your house is going to be your lumber and your concrete.” According to TradingEconomics.com, lumber prices are up 8% in 2024, selling for just under $526 per thousand board feet. Forecasts predict another 8% increase over the next year. Local home builders, however, are accustomed to price fluctuations.
Home Builders Hurricane Milton Lumber Prices Supplies Wood
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