Rising lumber prices affecting new home construction, renovation projects
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and last updated 2021-05-06 00:35:55-04
The price of lumber has skyrocketed.
When the pandemic started, mills shut down production in anticipation of a housing slump.
That never happened and now there s not enough lumber. Home construction and renovation projects are delayed.
The average price of a new single-family home is also more than $35,000 higher than it would normally be.
Industry executives expect lumber production to eventually catch up with demand.
We checked in with Arroyo Grande lumber yard, Burke & Pace, to see how prices are faring in our own backyard.
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