Soaring lumber prices add $36,000 to the cost of a new home

With lack of inventory, many home buyers are turning to new builds. But even there new home prices are getting higher and higher. According to this article from CNBC, “Lumber prices seem to set a new record almost daily, now up 67% this year and up 340% from a year ago, according to Random Lengths, a wood products industry tracking firm. And lumber doesn’t just go into framing a house. Those added costs hit cabinets, doors, windows and flooring.”

Leave a Reply