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Lumber prices rise as demand increases | 5newsonline com

Lumber prices skyrocket amid pandemic due to demand The National Association of Home Builders said the lumber price surge is adding $24,000 to the average price of a newly built home. Author: Jack Norcross, Associated Press Published: 5:39 PM CDT April 4, 2021 Updated: 5:39 PM CDT April 4, 2021 Lumber prices are on the rise, making new homes and home improvement projects more expensive this year. Oxford Economics reports that random length lumber prices have more than tripled since last April. The National Association of Home Builders said the lumber price surge is adding $24,000 to the average price of a newly built home. Even with sky high lumber prices, it s highly likely that housing construction will remain one of the stand-out performers for the economy again this year.

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