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Lumber Prices


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. 

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