A lumber shortage has sent home prices soaring
According to the National Association of Home Builders, rising lumber prices have added nearly $36,000 to the average price of a new single-family home.
Author: Jaleesa Irizarry
Updated: 5:49 PM MDT April 30, 2021
DENVER — A lumber shortage has raised prices across the country, causing a ripple effect in businesses that heavily rely on wood.
According to the National Association of Home Builders, rising lumber prices have added nearly $36,000 to the average price of a new single-family home.
"If there is a hiccup here and a hiccup there, it creates a tidal wave over here," Rebekah DeLaMare, an executive officer for the Home Builders Association of Southwest Colorado said.