Don’t get taken advantage of when home shopping

The massive surge in wood prices in the spring has caught the attention of homeowners, builders and subcontractors, most equating these cost increases with the main cost of housing. While important, wood price is not the main driver of home prices. Don’t be fooled into assuming that the prices of new homes will fall soon.

Since April 2005, RoMac Building Supply has released a free Whole House Commodity Index to builders and consumers that charts the wholesale price of structural building materials supplied to build a 2,000-square-foot home in Central Florida.

More around the house:When home projects bring more work

See:Buy the right treated wood for your next project

The Index does not include decor items, HVAC, electrical, plumbing, or labor, but it accounts for everything else inside and out to build this home. By using wholesale prices, the builder gets a realistic picture of the pricing in the next 30 to 45 days.

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