COVID-19 Pandemic Causes Lumber Shortage For Home Builders
Lumber prices are at an all-time high. Builders said the prices can affect the decision of how to construct a home.
“The largest portion of your home purchase is going to be from the lumber yard,” Home Builders Association of Greater Tulsa president and CEO Jeffrey Smith said.
Smith said COVID-19 has disrupted the supply chain, which has caused a shortage of lumber.
“What that’s done on pricing is an increase on lumber of around 40 to 50 percent of the entire project of a home,” Smith said.
Over the last year, the increased price of lumber has caused a 10 percent increase in the sale price of new homes.
COVID-19 Pandemic Causes Lumber Shortage For Home Builders
Lumber prices are at an all-time high. Builders said the prices can affect the decision of how to construct a home.
“The largest portion of your home purchase is going to be from the lumber yard,” Home Builders Association of Greater Tulsa president and CEO Jeffrey Smith said.
Smith said COVID-19 has disrupted the supply chain, which has caused a shortage of lumber.
“What that’s done on pricing is an increase on lumber of around 40 to 50 percent of the entire project of a home,” Smith said.
Over the last year, the increased price of lumber has caused a 10 percent increase in the sale price of new homes.
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