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Soaring lumber prices haven't slowed new home construction in Des Moines area

Soaring lumber prices havenât slowed new home construction in Des Moines area
Buildersâ winter has been busier than normal, says homebuilding association president
Tuesday, February 16, 2021 3:18 PM
A year ago, Beisser Lumber Co. s premium framing package for a 1,700-square-foot ranch house cost about $24,000, said Dennis Oder, the company’s vice president.
Today that same package is priced at $42,000, he said, a 75% spike from last year.
“We’re probably at historic highs right now, across the board,” Oder said. “Typically, this time of year we see some leveling off [of prices] but, so far, we haven’t seen it. The demand is still high.” ....

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Lumber Prices Hit Record High, Threatening Housing's Momentum

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Lumber Prices Hit Record High, Threatening Housing s Momentum
As lumber prices continue to rise, home builders look for short- and long-term solutions to keep construction (and the economy) moving
By Rich Binsacca
February 16, 2021
The continuing escalation of softwood lumber prices have caused home builders to slow or stop projects.
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The price of softwood lumber reached a record high today of $966 per thousand board feet, according to the Random Lengths Framing Lumber Composite reflecting the highest volume-producing regions of the U.S. and Canada. The price tops the most recent peak of $955 set in September 2020 and continues a general pattern of escalation since initial COVID-19 stay-at-home restrictions were put into effect nearly a year ago. ....

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