Madison County home builders react to lumber price increases
The price has increased nearly 190%.
Posted: Apr 21, 2021 9:08 PM
Updated: Apr 21, 2021 11:24 PM
Posted By: Alexis Scott
The increasing price of lumber is rising at an alarming rate and not slowing down any time soon.
Research shows since last March, the price has increased nearly 190%, and this could have a major impact on home-buyers. On average, in a 2,000-square-foot house, just the lumber package has gone up $25,000, said Barry Oxley.
Barry Oxley is with the Huntsville-Madison County Home Builders Academy. WAAY 31 spoke with him about why these prices are so high.
Coronavirus, the fires in the Midwest and just high demand are all to blame for why the cost of this wood is so much more expensive.