Spiking lumber costs splinter Clark County homebuilders’ budgets
Published: May 15, 2021, 6:04am
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3 Photos Stacks of lumber sit on the lot ready to be used to construct apartment buildings on Friday at the Latitude 45 apartment complex in Vancouver. Local builders have had to navigate rising lumber prices amid a national spike in demand. (Joshua Hart/The Columbian) Photo Gallery
When Vancouver-based Ginn Development began work on the Latitude 45 apartments in 2019, the cost of lumber per unit for the east Vancouver complex was $8,188.
Phase 2 of the project kicked off this year a similarly sized cluster of similarly designed apartment buildings on an adjacent parcel of land. The lumber cost per unit: $22,805.