Summary List Placement
While the pandemic hit the US, everyone seemed to want their own house. With mortgage rates at record lows and no need to commute to work in cities for at least 2020, prices soared everywhere. But they’re also soaring because there isn’t enough wood out there: lumber, to be exact.
Now it’s clear how much the lumber shortage is adding to the skyrocketing price of new homes: a whopping $24,000.
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