Lumber prices could be pushing homebuyers out of Louisville current market

The prepare was easy, as Natashia Taylor tells it. They’d sell the dwelling, go into an

The prepare was easy, as Natashia Taylor tells it. They’d sell the dwelling, go into an condominium for the upcoming 12 months and use that time to establish a home large sufficient for the entire household.

“That is why we signed the lease for a year – ‘OK, we’ll have time at minimum, like 9 months, to be able to discover a little something and create. We’ll be great to go in a yr,’” Taylor mentioned. “Totally not. Rates are outrageous. Which is variety of the place we are. We’re in the middle, at a standstill in a sense.” 

Taylor recently signed one more 6-thirty day period lease at Avoca Apartments in eastern Louisville, a single 12 months after transferring in, and she just isn’t the only just one with a story. The amplified cost of lumber and other house-building components has pushed several likely prospective buyers out of the area market place, specialists say, and has bumped up prices for builders as properly.