Builder headaches from Tahoe to Boston include lumber prices, labor issues, land, and material shortages. Builderonline.com recently reported that the “latest lumber price hikes add more than $18,600 to new homes.” Last May, feeling the effects of the pandemic, lumber prices spiked to $1,500 per thousand board feet. Prices then leveled off for a bit.
By the end of December, according to Random Lengths, “the price of framing lumber topped $1,000 per thousand board feet—a 167% increase since last August.” The reasons for the increases include supply chain gridlock, doubling of tariffs on Canadian lumber imports, and a damaging wildfire season in the Western U.S. and British Columbia.
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