The price of lumber is chipping away at an already “dire” housing market scenario, home builders warn.
“If people aren’t listening now, the dire predictions that we’ve been making appear to be coming true,” National Association of Home Builders CEO Jerry Howard said on “Varney & Co.” Wednesday.
Volatile lumber prices have caused the average price of a new single-family home to increase by $18,600, according to a new statistic from the NAHB.
And it’s not wooden cabinets or floors that are adding to the price tag – it’s the cost for framing timber.
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The entire economy is tied to energy. When there is an abundant energy supply and its cost is low then the cost of all goods and services through the entire supply chain is reduced. If the energy supply is reduced as is the case with the current federal government administration then energy costs go up as do prices for consumer goods and services.
Biden is directly responsible for high prices because he has reduced the energy supply by closing down pipelines, restricting drilling on federal lands, waging economic war on fracking, increasing taxes and regulations on the oil industry. He has made it more expensive for the energy sector to supply oil, coal, and natural gas which has directly increased the cost of domestic energy and made the USA more energy dependent on higher cost foreign oil.
If citizens want to know why prices are going up drastically then they only need to look at the corrupt, inept Biden administration.
In the pre-pandemic Trump administration our economy was absolutely booming. The labor participation rate was at an all time high, inflation was non-existent, unemployment was at record lows for all employee groups including Blacks, Latinos, women, and entry level employees, and welfare benefits and rolls were at all time lows because people were employed and Trump’s energy policies made us energy independent.
This has all been reversed under Bozo Biden’s rule. The USA is on course for extremely high inflation, reduced purchasing power of the dollar, high unemployment, high welfare rolls, increased consumer goods shortages, and economic collapse.
I vividly remember the economy under the rule of the Carter administration. Inflation and interest rates were both in the high double digits, prices were very high, and the standard of living was diminished. It was a very bad time economically and Carter was a genius compared to Bozo Biden. I am very pessimistic about our economic future as a country. I highly recommend getting prepared for rough days and years ahead.
YOU HAVE BEEN WARNED!!!
Oirish is quite correct. From a book I recall during the late 1970’s, we have two choices: guns or butter, hard vs. soft. Mr. Trump the wise-however-despised outsider went after the guns. Biden’s corrupt and deluded handlers, whoever they be, consistently go for the butter. Nations that go for the guns will devour us alive, perhaps sooner than we think. While we are skirmishing, arguing and back-biting about which race to honor or which pronouns to use for whom, more nations that are street-wise in Realpolitik are arming for the kill.