Read the latest news about residential and commercial real estate in the Seattle area and Pacific Northwest. Topics include home sales and prices; rent and mortgage rates; apartment, condo and single-family housing markets; development, skyscrapers, construction and office space; and affordable housing issues. Some of the players in the marketplace include Vulcan, Zillow, Redfin and Case-Shiller.
A record run-up in prices for Oriented Strand Board, a once-cheap plywood substitute, is forcing Americans to pay up $4,600 more on average to buy their dream home than six months ago. The rally is hurting builders and buyers of new houses while bringing windfalls to manufacturers such as Norbord and Weyerhaeuser.