Lumber prices have spiked 180% since the pandemic, affecting Arkansas housing market
The spike has caused the price for an average new single-family home to increase by over $24,000 since the pandemic, which affects multiple industries in Arkansas. Author: Jade Jackson Updated: 8:56 PM CDT April 19, 2021
LITTLE ROCK, Ark According to the National Association of Home Builders, there s been a 180% increase in lumber prices since this time last year at the beginning of the pandemic.
The spike has caused the price for an average new single-family home to increase by more than $24,000 since last April which affects multiple industries. We have some homes here in Conway. I think one home over the weekend that had 27 offers. That s unreal to me. I haven t seen anything like that, said executive broker of Sandstone Real Estate Group, Denise Perry.