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Lumber demand drives Georgia home prices higher


(The Center Square) – A spike in lumber prices has compounded the state s housing crisis, Georgia housing advocates said.
The price of lumber increased by 300% this spring compared with the same time last year, reports show. The building material reached an all-time high of $1,515 per thousand board feet on May 28.
The price of oriented strand board, which is most often used for sheathing, has increased by 400% since last spring.
House Builders Association of Georgia Vice President Austin Hackney said the price increases have added nearly $36,000 since April 2020 to the price of an average new single-family home and nearly $13,000 to a new multifamily unit s market value. ....

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