A spike in lumber prices has compounded the state’s housing crisis, Georgia housing advocates said.
The price of lumber increased by 300% this spring compared with the same time last year, reports show. The building material reached an all-time high of $1,515 per thousand board feet on May 28.
The price of oriented strand board, which is most often used for sheathing, has increased by 400% since last spring. Read More
The only grocery store in Point Roberts, Washington, will be forced to close if travel restrictions between the U.S. and Canada aren’t lifted by July 15, the Associated Press reported Thursday.
Point Roberts Marketplace store owner Ali Hayton said the market relies on shoppers who haven’t been able to visit for more than 15 months and that government assistance did little to help the struggling shop, the AP reported. The store received two loans from federal pandemic relief programs, though the funds were used in a week.
“Now that I see that there is absolutely no end in sight, I can’t do it anymore,” Hayton said, according to the AP. “I cannot financially keep subsidizing all of this by myself.” Read More
A recent National Association of Realtors report shows the Atlanta-Sandy Springs-Alpharetta metro area is experiencing new-home growth amid a national housing shortage.
The area ranked fourth in the country for metro areas with the most single-family home building permits over the past year.
Metro Atlanta real estate agent Allahva Panton has seen a large increase in real estate sales in the Atlanta area, but not so much in Sandy Springs or Alpharetta. Read More