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Skyrocketing lumber prices increasing building costs
Poll
Yes
By Al Beeber on May 1, 2021.
Herald photo by Al Beeber
Even with lumber prices much higher than last year, home construction season is well underway in Lethbridge.
Builders, renovators and do-it-your-selfers can expect to pay more if they need lumber for any projects this year. Lumber prices have skyrocketed since last summer and no break is on the immediate horizon. Brad Hoover, financial manager at Logic Lumber and a director of BILD Lethbridge, said the spike started last August after prices tanked in March, April and May of 2020 due to COVID. Board foot prices went from $400-$600 per thousand board feet to well over $1,000.