Issue 27 - April 9th, 2021 The price of lumber in America is at all time highs. The shortage of lumber available is just another weird phenomenon that emerged during 2020 and continues to persist as we ramp back up in 2021. As of market close yesterday, lumber was trading at $1,106.40 per 1,000 feet of board which is an all time high and some analysts in the industry think it could keep surging higher. The pricing is up close to almost 200% since the pandemic started, and The National Association of Home Builders calculates that current lumber prices are adding at least $24,000 to the price tag of a typical new single-family home.
Lumber Pricing Lunacy
Lumber Pricing Lunacy
Lumber Pricing Lunacy
Issue 27 - April 9th, 2021 The price of lumber in America is at all time highs. The shortage of lumber available is just another weird phenomenon that emerged during 2020 and continues to persist as we ramp back up in 2021. As of market close yesterday, lumber was trading at $1,106.40 per 1,000 feet of board which is an all time high and some analysts in the industry think it could keep surging higher. The pricing is up close to almost 200% since the pandemic started, and The National Association of Home Builders calculates that current lumber prices are adding at least $24,000 to the price tag of a typical new single-family home.