Lower Lumber Prices + Lower Interest Rates = Great Time to Build
Lower Lumber Prices + Lower Interest Rates = Great Time to Build As we navigate the Fall of 2025, two key market trends are combining to create one of the most compelling windows for those considering building or renovating a home. Lumber Prices: At Their Lowest Since Last October According to the US LBM Market Update dated September 2, 2025, the framing lumber composite has dropped to its lowest point since October 2024, driven by a notably weak week of trading ahead of Labor Day. Notably: Western SPF prices for 2×4 #2 have plunged $95 per MBF in just three weeks, with demand virtually nonexistent. 2403187.fs1.hubspotusercontent-na1.net Across the Eastern U.S., mill inventories are bloated, prompting mills to offer significant discounts—up to $30 per MBF lower—even in major trading zones like Boston and the Great Lakes. 2403187.fs1.hubspotusercontent-na1.net This sharp drop in prices, along with plentiful availability and soft demand, marks a rare opportunity for cost-conscious builders and homeowners. Mortgage Rates: Still Leaning Favorably Lake Michigan Credit Union (LMCU)—a reliable lender for many across Michigan—continues to offer industry-low mortgage rates, with competitive options for both fixed and adjustable loans, minimal down-payment programs, and reduced closing costs. Lake Michigan Credit Union+1 While … Read more