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Lumber prices are so high that many builders are holding back on construction


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Many people bought new homes during the pandemic, spurred on by low mortgage rates, the ability to work from home, and of course, needing your own space amid a raging global pandemic.

But the laws of supply and demand weren’t asleep at the same time. Lumber got really, really expensive, adding to the price of any new home.

The National Association of Home Builders (NAHB) found that the price of an average family home has increased by $24,386 since April, largely because of an interruption to raw materials when lumber mills shut down at the start details ⇒

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