Wednesday, July 2, 2025

Lumber Prices Soar 250% as Pandemic Pushes Home-Building Higher

Lumber prices have surged by almost 250% since April 2020, significantly threatening housing affordability across the US.

According to the National Association of Home Builders, the latest skyrocketing increase in lumber prices threatens to raise the cost of a single-family home by nearly $36,000. The price of a thousand-foot board has surged by more than 40% in the last month to above $1,450 on Friday. “The market is in trouble. It could spiral out of control in the next few months,” said Fastmarkets RISI senior economist Dustin Jalbert, and later cited by Fortune.

Jalbert attributes the bullish rally in lumber prices to backlogged supply, which is struggling to keep up with rising demand amid ongoing home improvement and home construction projects. Aside from that, the price hike is also partly due to supply chain disruptions, which started at the beginning of the pandemic when lumber yards were forced to shut down.

At the same time, adverse weather conditions that forced refinery shutdowns in the Gulf Coast also contributed to shortages of other building supplies. As a result, lumber prices are expected to continue on their upward trajectory, and will not cool until demand tapers off— which is likely not going to happen until the abnormal home building and renovation season subsides.


Information for this briefing was found via NAHB and Fortune. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Canadian Housing Starts Fall 5.3% in October

The pace of housing starts across Canada is showing signs of losing momentum, which could...

Wednesday, November 17, 2021, 02:41:00 PM

Lumber Prices Soar To New Records Amid Housing Construction, Renovations

The ongoing demand for housing has caused home prices to soar across Canada and the...

Friday, February 19, 2021, 10:48:00 AM

Canadian Housing Starts Slow in February Despite Record-High Real Estate Activity

Following a strong start in the first month of the year, housing starts fell by...

Monday, March 15, 2021, 04:19:00 PM

Toronto’s Falling Home Prices Are Pushing Rent Prices Up

Toronto’s housing market presents a paradox: rents are rapidly rising while home prices and sales...

Thursday, September 22, 2022, 12:21:00 PM

CMHC Urges Private Mortgage Issuers to Observe New Rule Changes on Borrowing Requirements

Canada’s housing authority has recently released a statement urging the country’s private mortgage lenders to...

Wednesday, August 12, 2020, 05:15:46 PM