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Lumber Prices Skyrocket 178% Since Last Spring

WFB Editors
Mar 1, 2021

U.S. lumber prices have surged 178% since last spring, the National Association of Home Builders reports.

The spike has increased the average new single family home price by $24,386 since April 2020.

The average price of a multifamily home has increased by $8,998 due to the lumber price surge.

The prices for framing lumber reached $975 per thousand board feet in mid-February, a 178% increase compared with around $350 per thousand board feet in April 2020.

NAHB’s full report can be found here.

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