Lumber

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“Prices have just shot up astronomically.”

Gary Hineman, Delaware County Supply Company, on skyrocketing lumber prices.

Published on

may 4, 2021

  • Lumber prices have quadrupled. Here's an anecdote from Hineman: "We typically are used to seeing it around $10-$12, as low as $9 per sheet. It's selling for $43 per sheet right now."
  • Costs have risen because of low supply. Sawmills closed during the COVID-19 shutdown causing a shortage at the same time there's high demand for building materials.
  • Why does it matter? The higher building costs combined with a shortage of housing inventory pushes home prices higher. One estimate says higher lumber prices currently adds $36,000 to the cost of a new house.

    Read more HERE: Lumber, construction supply prices skyrocket amid high demand

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