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Lumber Prices Up About 200% Since Start of Pandemic: What's Going On?


Mar 22, 2021 by Jeff Piltch

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The elevated price of lumber is adding approximately $24,000 to the price of a new home...Though builders continue to see strong buyer traffic, recent increases for material costs and delivery times, particularly for softwood lumber, have depressed builder sentiment this month. Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.

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