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Skyrocketing lumber prices increasing building costs Poll Yes By Al Beeber on May 1, 2021. Herald photo by Al Beeber
Even with lumber prices much higher than last year, home construction season is well underway in Lethbridge. Builders, renovators and do-it-your-selfers can expect to pay more if they need lumber for any projects this year. Lumber prices have skyrocketed since last summer and no break is on the immediate horizon. Brad Hoover, financial manager at Logic Lumber and a director of BILD Lethbridge, said the spike started last August after prices tanked in March, April and May of 2020 due to COVID. Board foot prices went from $400-$600 per thousand board feet to well over $1,000. ....
Skyrocketing lumber prices increasing building costs Poll 5 – Excellent work Builders, renovators and do-it-your-selfers can expect to pay more if they need lumber for any projects this year. Lumber prices have skyrocketed since last summer and no break is on the immediate horizon. Brad Hoover, financial manager at Logic Lumber and a director of BILD Lethbridge, said the spike started last August after prices tanked in March, April and May of 2020 due to COVID. Board foot prices went from $400-$600 per thousand board feet to well over $1,000. According to the Canadian government website, as of April 23, 2X4 eastern spruce-pine-fir was selling for $1,645 per thousand board feet in Canadian dollars, up substantially from the 52-week average of $1,030. The weekly price jumped from $1,540 on April 16. ....