Thieves target construction sites as lumber prices remain high – NBC 5 Dallas-Fort Worth

North Texas thieves are targeting lumber after prices skyrocket during the pandemic.

“It’s a hot commodity,” Fort Worth Police Department Officer Jimmy Pollozani said.

Fort Worth Police said they were working to resolve log thefts in new neighborhoods under construction in the city’s north. They added patrols to the area and encouraged builders to install security cameras.

Investigators said thieves recently stole $ 50,000 worth of lumber from a construction site and may be linked to the construction industry.

“Some of the people we identified as people of interest, we connected the dots,” Officer Pollozani said. “The detectives did an incredible job determining that these people are contractors that the builder hired to outsource.”

The Parker County Sheriff’s Office said it recently severed a network that targeted lumber and materials at job sites in three counties.

This is yet another challenge facing builders and buyers in a tight North Texas real estate market.

Already, tripling the price of lumber adds an additional $ 36,000 to the average cost of a new home in DFW, said Phil Crone of the Dallas Builders Association.

Theft can lead to frustration and delays, although Crone said builders should have insurance to cover the loss.

“For the most part, the manufacturers will absorb the cost of any flights that take place,” Crone said. “The corresponding cost that will come to the consumer is just when things need to be rearranged. Sometimes the price of that wood has changed and it hasn’t changed for the better here recently.”

The cost of lumber hit an all-time high in May, but the price is currently dropping, although it remains higher than it was before the pandemic.

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