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Lumber prices nearly four times higher than last year, hurting home builders & buyers The real estate market is red hot, but record-high lumber prices are driving up costs for home builders and home buyers. and last updated 2021-05-12 18:35:00-04 (WXYZ) — The real estate market is red hot, but record-high lumber prices are driving up costs for home builders and home buyers. Michael Stoskopf, the CEO of the Home Builders Association of Southeastern Michigan, said the cost of lumber, which was 35 cents-a-foot for per thousand board feet at the start of the pandemic, has skyrocketed since. On the exchanges right now, it’s closing upwards of $1,400 per thousand board feet, that’s a factor of four, he said. So, if a house had $10,000 worth of just a framing lumber package in it, that same lumber package now would cost $40,000.

Rochester hillsUnited statesDillman uptonMichael stoskopfBrad uptonDarian neubeckerHome builders association of southeastern michiganHome builders associationSoutheastern michiganRobertson homesBrewster villageரோசெஸ்டர் மலைகள்ஒன்றுபட்டது மாநிலங்களில்டில்மேன் அப்டன்பிராட் அப்டன்வீடு பில்டர்கள் சங்கம் ஆஃப் தென்கிழக்கு மிச்சிகன்