By: Josh Liskan | Recode | November 10, 2017 12:09:26We’re seeing an increase in Craigslist listings for timber, the most common timber used in building construction, according to a recent study from the University of Minnesota’s Timber Institute.
In the study, researchers surveyed more than 2,400 online timber sellers in the U.S. and found that demand for timber increased from 2012 to 2016.
The study also found that the average price for a single-family home was up 20 percent between 2012 and 2016, while the average sale price rose by 22 percent.
The study found that, while prices have continued to rise, there are a lot of people out there who have a lot more timber than the average buyer.
It is not unusual for buyers to spend more than $300,000 on a single timber purchase.
In fact, some buyers are getting paid $1 million or more on their timber purchases, said Matt Pfeffer, Timber Institute’s research director.
“It is a trend that has been happening for a long time, and it has only grown in recent years,” he said.
According to the Timber Institute, about 6 million acres of timber are planted annually across the country.
A study by the National Association of Realtors found that between 2009 and 2020, the average number of homes purchased by homebuyers in the country increased by 4 percent, from 4,928 to 5,094.
The majority of those homes are in the lower-income brackets, with a median household income of $32,000, according the National Home Builders Association.
According the Timber Institutes study, one of the biggest trends has been an increase on demand for new homes.
The number of people who said they wanted to buy a new home increased from 15 percent in 2009 to 19 percent in 2020.
In that time, new home sales increased by 8 percent.
“It’s not just a question of people wanting to move out of the city or into the suburbs,” Pfefer said.
“They’re interested in buying a home in the city.”
The Timber Institute also found there are still plenty of buyers who are not happy with their current homes.
“If you have an existing home that’s worth more than you can afford, you’re going to see a lot fewer buyers,” Pffer said.
“The question we have is, how can we make it easier for those buyers to make that choice?”
“That’s the biggest issue right now, is making it easier to buy the right property at the right price.”