If, like me, you went to purchase lumber within the past few months for your garden, shelves, or other home projects, you found yourself paying through the nose for materials—or else putting off the work in hopes of lower prices in the future.
It’s even worse if you’re a awaiting a new home, since expensive lumber is adding tens of thousands of dollars to the price of building the average house. You can blame pandemic-era lockdowns, tariffs, and other government interventions in the market for much of the pain—and officialdom proposes to make things worse.
“Soaring lumber prices that have tripled over the past 12 months have caused the price of an average new single-family home to increase by $35,872,” the National Association of Homebuilders warned in April.
“This lumber price hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment.”
Prices have recently come down a hair, but lumber is still at over $1,400 per thousand board feet, compared to a bit over $400 per thousand board feet a year ago.
Don’t expect any better as long as the thieves that even stole the office are in town. Common individuals.
This too shall pass……Ooops, CNN (hahaha) is reporting that this flu season will be Huge.
Damn Trump 24/7 and now their backup is the upcoming Flu saga.
at least 4 or 5 mill have closed here on the shore. Bought lumber at local lowes shipped in from finland. So how can lumber from finland be cheaper then lumber produced locally? something is definitely wrong with this picture!
this is what happens when DemonicRats are in charge!