How Lumber Prices are Affecting Homeowners

If you’ve been following the news over the last few months, you will have heard about increasing lumber prices, as costs have soared more than 30 percent this year. Usually, homebuyers can ignore the details of lumber markets and trade policies – but the intensity of the price spike for wood is affecting customers.

Strong demand and tight supply have caused lumber prices to soar and in turn is driving up the cost of new homes, mortgage costs and even delaying construction projects.