Shortages of lumber and other resources continue to plague real estate market in Teller County, elsewhere | Pikes Peak Courier
Editor’s note: This is the third in a series of articles about real estate in Teller County. The first one talked about the high prices of homes in addition to the lack of inventory. In the second, the county assessor talked about the increase in home valuations. This article looks at the cost of materials such as lumber for those who want to start from scratch.
In the Teller County real estate market, prices for homes escalated over the past year, while bidding wars chose winners and losers. At the same time, stimulus money from the federal government ignited the market for construction of new homes or improving the old ones.
The shutdown that began in the middle of March 2020 due to the coronavirus affected nearly aspect of the real estate…