Lumber shortage impacts local businesses, organizations
Lumber prices keep climbing
and last updated 2021-05-07 12:54:47-04
LEXINGTON, Ky. (LEX 18) â If you re looking for a new home or are doing a project and noticed material prices seem higher than they used to be, it s not just you. A lumber shortage over the pandemic has spiked costs, which has had various impacts on local businesses and organizations.
Tina Miller, Executive Vice-President and CFO of Lexington Building Supply, says the challenges come from a dramatic difference between supply and demand. She says one factor of a recent increase in demand for lumber materials is the housing market.