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Lumber prices soar, Oregonians affected by historic wildfires on the fence to rebuild
OTIS, Oregon (KPTV) Oregonians who lost their homes during the historic wildfires debate rebuilding as timber prices continue to rise.
Dezarae Lawrence says the cost to rebuild a 1,500 square foot house is about $20,000 more expensive than last year just in lumber costs. She says it’s unclear whether her insurance company will cover the difference. Plus, she had to sign an agreement with the builder that an extra surcharge price might range from three to eleven percent.
Lawrence says she’s frustrated her mortgage payments might go up when she’s a victim of a wildfire. She says it’s not just about rebuilding the house but other lost outbuildings and her fence as well.