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Why are lumber prices so high right now? | Your Morning - YouTube. CTV Your Morning. 167K subscribers. Subscribed. 10. 1.2K views 2 years ago. President of the Ontario Forest Industries...
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- CTV Your Morning
Apr 26, 2021 · The soaring cost of lumber could add $24,000 to the cost of a new house. Blame a combination of supply chain disruptions and higher demand for the increase. You should think about creative ways...
- Caroline Delbert
Jul 19, 2023 · Lumber prices fell from record levels in 2021 and 2022, reaching a bottom near the $350 level. The price action stabilized, and the path of least resistance turned higher since early June...
May 5, 2021 · Surging lumber prices alone have pushed the price of an average new single-family home $35,872 higher, according to an analysis by the National Association of Home Builders.
Now, in the first half of 2022, lumber prices are sky high again. Why? According to David Logan, senior economist at National Association of Home Builders (NAHB), this most recent lumber price surge is due to several factors:
Jul 1, 2024 · Lumber prices have fallen since spiking early in the pandemic. However, home construction and renovation costs are on the rise.
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Apr 2, 2021 · As if Canada's housing sector wasn't already irrational enough, a pandemic-induced lumber shortage is pushing the price of building a home even higher. The cost of basic lumber like...