Lumber— and Everything Else —Prices Soar
It seems like every day there is a news report on soaring prices. Lumber, in particular, has seen astronomical increases, by some estimates up 75% or even 250% in the past year. So, while commodity prices have eased in recent weeks, consumers may still see $89 pieces of plywood at Home Depot for a while. […]
It seems like every day there is a news report on soaring prices. Lumber, in particular, has seen astronomical increases, by some estimates up 75% or even 250% in the past year. So, while commodity prices have eased in recent weeks, consumers may still see pieces of plywood at Home Depot for a while.
The reason? The pandemic invigorated all kinds of construction, including outdoor living. The demand has been unrelenting while supply chains have struggled to keep up.
Are Lumber Prices Affecting DeckTec?
Eh, sort of.
With all of this talk of skyrocketing wood prices, some might wonder if our business is being affected. Here’s the thing, the vast majority of the wood that is in high demand isn’t the type of wood we craft your decks with. Most of this wood is Canadian white wood going to homebuilding.
By comparison, the wood DeckTec specializes in is, well, special. Our business relies heavily on rich, distinctive woods like redwood and cedar from the Western US and tropical hardwoods like mahogany and ipe. Can you imagine a house built with mahogany in Colorado’s housing market? Yike$!
Treat Your Decks Like Gold
Even though we’re in a better position on wood than some may think, we don’t mean to suggest that prices will be dropping anytime soon. In the 30 years we’ve been operating, pricing has never gone down. Has anything?
If you’re one of our many incredible deck owners, you’re lucky. Your deck has proven a worthy and lasting financial investment, but it is so much more. Your deck is a lifestyle investment. One that continues to pay dividends.
Here’s our advice: treat your decks like gold, dogecoin, Game Stop stock, or probably most appropriately, a piece of fine art.
The wood that makes up your DeckTec deck is valuable and has contributed to your home’s value. Protect it! Make sure it is routinely cleaned and serviced. If you’re a longtime customer of ours and have enjoyed what we would call our “early work”—some may call vintage—remember that an outdoor room can benefit from a remodel just like any other room in your home. If your deck is looking like it needs repairs or restoration, give me a call. Allow us to serve you further and breathe life into these works of art. Take it from us, the price of a deck isn’t going down anytime soon, but neither is anything else.
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If the market value of your home is important to you – as it is for many – adding a custom deck can increase your house value.
If you’re considering adding a custom deck to your home, reach out to HFS Financial for all of your home improvement financing needs. HFS makes it easy to fund your project with minimal documentation requirements, no equity or appraisal needed, and direct-to-consumer funding.
Adding or improving an existing deck can add a number of beneficial features to your home. Not only can a new deck improve the value of your property, but it can also make your home more enjoyable for you and your family.
HFS Financial also offers 120% financing, allowing you some financial wiggle room for those unexpected hiccups that you may find along the way of your deck-building journey. All funds are paid directly to you, the consumer, so there’s no need to coordinate contractor work with payout schedules. Handle your project your way.
Once we’ve received your information through our 60-Second Loan Application, you will be notified of possible loan options quickly to discuss and review your loan terms and the home improvement project you have in mind.
My husband Matt and I [...] have moved away from the home where we had the beautiful deck and outdoor living space you created. We will forever remember fondly that beautiful deck, and the hard work you did during a very bad economic time to fix problems around the foundation of our home. Steve, Keith, and all of your workers were fabulous and we sent several of our friends your way with referrals. We are sure that your deck helped us get a wonderful offer on our home.
We just wanted to tell you how much we enjoy the decks DeckTec constructed at our home. Their use is a constant joy. We continually receive compliments on the design and quality of your work. We look forward to many years of use.
DeckTec are absolute pros. They just finished a big deck and roof cover project at my house. The total experience from working with Steve in Design and Sales, Keith in Project Management, and Charlie, Josh, and Hank in Construction was nothing but 6 star service. 100% on time and on budget with craftsmanship and quality. Skip the “Hammer and Nails” contractors and go with DeckTec if you want an “Outdoor Living Space”. Call these people – you will not be disappointed.
I just wanted to let you know how pleased I am with the work Decktec completed refinishing my deck. It hasn’t looked this good since it was new sixteen years ago. Decktec was very professional, polite and willing to work with me to get the exact color of stain I wanted. I would recommend Decktec to anyone who wants a complete job from the great construction work starting the job, to its thorough cleanup. I’m happy my neighbor referred me to Decktec. You are the fourth company I’ve had refinish my deck and will now be the only company I use going forward.
