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Soaring lumber costs and building supplies pushing up price of new homes A recent survey by the Canadian Home Builders Association found the added lumber costs alone are increasing the price of a home by $20,000. Author of the article: Joel Schlesinger  â¢Â for the Edmonton Journal Publishing date: May 21, 2021  â¢Â 10 hours ago  â¢Â 2 minute read  â¢Â A worker loads finished trusses for homes onto a truck at Wasatch Truss in Utah. Lumber prices have sky rocketed along with supply shortages the last several months have plagued the construction industry. Photo by George Frey /Getty Images Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. ....