ᐅ Increase in Wood Prices – Order Confirmation Already Signed
Created on: 13 Apr 2021 07:46
L
lisa-kessler
Hello dear forum members,
We signed the order confirmation for our house back in August 2020.
In October of this year, we will sign the construction contract, and in November the foundation slab will be laid.
The site work will start around May.
The house assembly is scheduled for April next year.
Now we have heard about significant price increases in the timber sector.
Can we expect a price increase despite the signed order confirmation?
Wording of the order confirmation: "House: March/April 2022, depending on weather conditions and completion of preliminary work.
The final construction sum will be fixed in the construction contract after the approval planning and selection of finishes.
In case of financing refusal by the lending institutions, the order confirmation expires without any costs."
We signed the order confirmation for our house back in August 2020.
In October of this year, we will sign the construction contract, and in November the foundation slab will be laid.
The site work will start around May.
The house assembly is scheduled for April next year.
Now we have heard about significant price increases in the timber sector.
Can we expect a price increase despite the signed order confirmation?
Wording of the order confirmation: "House: March/April 2022, depending on weather conditions and completion of preliminary work.
The final construction sum will be fixed in the construction contract after the approval planning and selection of finishes.
In case of financing refusal by the lending institutions, the order confirmation expires without any costs."
montessalet16 Apr 2021 09:41I am still in contact with the manufacturer of our house. He briefly informed me that the price per cubic meter of construction timber has risen from €310 to €580. You can imagine where the price trend for new houses is heading—especially since other raw material prices seem to be going up as well.
Today, in a brief conversation with our architect, I learned that for a single-family house built with a timber frame, there is currently an additional cost of around 15,000 euros (approximately 15,000 USD) expected. Even worse, orders are being canceled because hardly anyone can deliver at the rate of 600 euros per cubic meter (approximately 600 USD per cubic yard). I myself ordered about 1.5 cubic meters (2 cubic yards) last week as substructure material at 600 euros per cubic meter and will still be supplied because it was stock material. Another supplier wanted 800 euros per cubic meter (approximately 800 USD per cubic yard) 😡
With certain materials, such as OSB4 panels, the situation is even worse – prices have jumped from 4 euros to 10 euros per sheet (approximately 4 to 10 USD).
With certain materials, such as OSB4 panels, the situation is even worse – prices have jumped from 4 euros to 10 euros per sheet (approximately 4 to 10 USD).