Spike in lumber prices boosts construction costs
Housing Wire
SEPTEMBER 4, 2020
The COVID-19 pandemic has caused lumber prices to skyrocket more than 160% since April after a spike in home renovation by cooped-up Americans, according to the National Association of Home Builders. Higher prices are adding about $16,000 to the cost of a new house, said Robert Dietz, NAHB’s chief economist. “As
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