Lumber Prices have increased 377% since 2020
From the Visual Capitalist – May 8th 2021
- Over the past year, the price of lumber has increased 377%
- 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.