Lumber is skyrocketing in price again, which will affect housing.
Rising prices for lumber are once again adding to worries of soaring home prices, Hope writes.
Fueling the surge: Sawmills still can’t keep up with demand, wildfires wrecked inventory, and tariffs doubled on Canadian lumber.
By the numbers: Prices are 22% higher than in early December and they’ve risen 34% this month so far. At about $1,000 per thousand board feet of framing lumber, the price of an average new single-family home increases by more than $18,600, according to the National Association of Home Builders.Axios Closer
By Hope King and Nathan Bomey ·Feb 15, 2022