Record High Lumber Prices Still Hindering Home Building
Record High Lumber Prices Still Hindering Home Building The problems that plagued the home building industry in 2020 seem to have followed it into the new year. ablokhin/Getty Images After normalizing slightly at the end of 2020, lumber prices steadily climbed back up throughout the first weeks of 2021 and hit record highs in early February. This on-going surge in the cost of lumber and other construction materials has become a major issue for contractors and home buyers, complicating home building across the U.S. and harming housing affordability at a time of historic demand. “According t...