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Daily Archives: March 3, 2021

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Rising Lumber Prices and Lack of Supply Threaten Consumers’ Housing Options

NewsBy admin01March 3, 2021

Housing affordability has been a critical issue across the country for years, as factors such as a shortage of lots and labor have led to a limited supply. As lumber prices once again approach all-time highs amid a supply shortage, this crisis only gets worse, as housing prices continue to soar and builders face challenges to meet ongoing…

Record-High Lumber Prices Add $24K to the Price of a New Home

NewsBy admin01March 3, 2021

Lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020, according to NAHB standard estimates of lumber used to build the average home. Similarly, the market value of the average new multifamily home…

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