Lumber Price Surge Adds $24k to Average Price of Newly Built Homes

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The Nation­al Asso­ci­a­tion of Home Builders said the lum­ber price surge is adding $24,000 to the aver­age price of a new­ly built home.

Lum­ber prices are on the rise, mak­ing new homes and home improve­ment projects more expen­sive this year. 

Oxford Eco­nom­ics reports that ran­dom length lum­ber prices have more than tripled since last April. The Nation­al Asso­ci­a­tion of Home Builders said the lum­ber price surge is adding $24,000 to the aver­age price of a new­ly built home. 

Even with sky high lum­ber prices, it’s high­ly like­ly that hous­ing con­struc­tion will remain one of the stand-out per­form­ers for the econ­o­my again this …

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