Lumber Prices have increased 377% since 2020
May 11, 2021
From the Visual Capitalist – May 8th 2021
- Over the past year, the price of lumber has increased 377%
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- In May 2020, the price of lumber was $343 /1000 bd ft
- In May 2021, the price of lumber is $1,625 /1000 bd ft
- The result is that the same budget for lumber doesn’t go nearly as far when it comes to new home developments.
