The acquisition brings Aetna Building Solutions’ extensive inventories of wholesale building materials and product expertise to Lexington’s fast-growing commercial and residential construction markets
Construction workers, contractors getting relief as lumber prices continue to drop
Lumber prices are finally coming back down to earth after a spring where they doubled, then doubled again. Author: Philip Townsend Updated: 6:12 PM EDT July 7, 2021
NORFOLK, Va. Lumber prices are finally coming back down to earth after a spring where they doubled, then doubled again.
In the past month, futures have fallen 45%.
Still, it’s not enough to offset the 300% price hikes caused by a nationwide lumber shortage.
According to the National Association of Home Builders, that spike pushed the cost of construction for a single-family home up by $36,000, on average.