Tag Archive for ‘lumber prices’

Higher Lumber Costs Add More Than $35K to New Home Prices, $119 to Monthly Rent

According to NAHB’s latest estimates, rising softwood lumber prices over the last 12 months have added $35,872 to the price of an average new single-family home, and $12,966 to the market value of an average new multifamily home.  That increase in multifamily value translates to households paying $119 a month more to rent a new apartment. These estimates are based on the softwood lumber used… Read More ›

How Builders Try to Deal with Rising Lumber Prices

As most industry observers know, softwood lumber prices have been extremely high and volatile over the past year.  During an unprecedented four-month surge in 2020 prices nearly doubled, reaching an all-time high in September.  Since then prices have continued to fluctuate, increasing recently to the point that they are now considerably higher than they were even at last September’s historic… Read More ›

Builders Say Lumber Prices Are Hurting Affordability

In a recent NAHB survey, over 40 percent of builders said construction costs in general are causing home buyers to hold back from purchasing a new home, and over 90 percent said that lumber prices specifically are hurting affordability. The results are consistent with yesterday’s post, which described a surge in the number of builders reporting a shortage of framing lumber. The new results… Read More ›

Lumber Prices Moving Higher – SLA Could Become a Factor

A mill fire in British Columbia sent lumber prices higher, adding to a number of supply side developments that moved the Random Lengths Framing Lumber Composite Price (FLCP) to $316 on Friday. This price, if maintained, would trigger provisions in the US-Canadian Softwood Lumber Agreement (SLA) reducing tariffs on imports of Canadian lumber. An average price above the $315 limit… Read More ›