The lumber market is volatile, remodeling business coach Shawn McCadden says. By the time a job is priced and lumber gets delivered to the jobsite, lumber prices may have changed as much as 20 percent.
“Most contractors and lumber dealers do not have the luxury of pricing a job today, signing it tomorrow, and buying the required materials the next day,” McCadden adds.
He suggests remodelers make an educated guess by forecasting when lumber market pricing will change by following literature and research on lumber prices, which are posted twice weekly.
Learn where to start tracking lumber prices at Shawn McCadden’s The Design/Builder’s blog.