Lumber Prices Skyrocket 250%

Single family home prices jump due to lumber shortage.

Adding another challenge to the troubled US housing market is an increase of homes because of a recent lumber shortage and higher prices. The market is already experiencing extraordinarily low inventory and pricing surges among existing homes.

“This unprecedented price surge is hurting American home buyers and home builders and impeding housing and economic growth,”
– NAHB Chairman Chuck Fowke
Custom home builder from Tampa

Follow the ups and downs of your local housing market at ESAroi.com.

Read article here:
WOODTV.com National News

Single-family homes increase in price by $36,000 due to lumber shortage: study

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