Home renovation savings prove elusive as wood prices at record highs
Instead, customers are doubling down, switching to more expensive materials as the cost difference with wood shrinks, adding extra elements to their projects and pre-ordering lumber to lock in price and ensure supply. "If their plan was to build a pressure-treated deck in their backyard, then a lot of people are now saying, 'You know what? For about the same price, I can get a hardwood deck or a composite deck or a heat-treated lumber deck,'" said Brad Swanson of Swanson's Home Hardware Building Centre in Kitchener, Ont., a family owned operation since 1982. "They're a little bit more (expens...