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Lumber prices hit record levels putting a strain on homebuilders and consumers
NAHB: Lumber prices up 250% since last spring
Lingering supply chain issues combined with a red hot housing market has made the price of lumber skyrocket. Those costs are impacting homebuilders and are ultimately being passed on to consumers.
and last updated 2021-05-04 08:42:30-04
COLORADO SPRINGS — Lingering supply chain issues combined with a red hot housing market has made the price of lumber skyrocket. Those costs are impacting homebuilders and are ultimately being passed on to consumers.
Lockdowns last year took a toll on the lumber industry including sawmills that didn t operate for months. Suppliers didn t have time to build up their stocks during the winter as they normally would. It drove prices up. ....

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