There isn’t enough lumber to feed the red-hot housing market. The shortage is de…


There isn’t enough lumber to feed the red-hot housing market. The shortage is delaying the construction of badly needed new homes, complicating renovations of existing ones and causing sticker shock for buyers in what was already a scorching market. ⁠

Random-length lumber futures hit a record high of $1,615 on Tuesday, a staggering sevenfold gain from the low in early April 2020. Surging lumber prices alone have pushed the price of an average new single-family home $35,872 higher, according to an analysis by the National Association of Home Builders.



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Comment (24)

  1. Smh, I read it’s a fake shortage. They’re hoarding lumber and only selling enough to keep the prices high. Sort of what DeBeers does with diamonds.

  2. So Gen Z don’t want to drive 18 wheelers for gas, Gen Z don’t want cut lumber let alone transport it lmao all they wanna do is post Tik Toks and do crypto currency 😂

  3. Maybe you should stop cutting down all the trees and build with brick and cement.

  4. I live in Washington and the lumber here and Oregon goes mostly to Asia because they buy it. Stop 🛑 letting it go overset

  5. There is no shortage, the lumber is being held hostage by these large lumber companies to drive the price up.

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