Why Are Lumber Prices So High? Here Are the Primary Reasons

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Why Are Lumber Prices So High? Here Are the Primary Reasons

increase in lumber prices since the pandemic began has put an enormous amount of pressure on rehabbers and developers. Indeed, the explosion in lumber prices adds an estimated $36,000 to the costs of building a new home! Why are lumber prices so high? First: Why are lumber prices so high? One relatively minor component of the increase in lumber prices is inflation in general, which is certainly higher than the 2.6% reported by the CPI.

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