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Lumber Prices Expected to Stay High Well into 2022

Experts hope the uptick in prices levels off by the middle of 2022.

Posted: Apr 19, 2021 11:51 AM

The Pandemic has caused a shortage in everything from appliances to toilet paper.

While supplies have returned to pre-pandemic levels for most products, one item remains elusive.

Rising lumber prices are causing construction businesses to boost their client's projects due to global shortages.

Last year shutdowns in the United States led to a huge boost in home improvement projects, and that trend has not stopped.

The National Association of Home Builders says wood costs are adding $24,000 to the price of a new home.

Industry experts are hopeful that lumber costs will return back to normal sometime in the middle of 2022.

Evansville
Clear
84° wxIcon
Hi: 92° Lo: 75°
Feels Like: 90°
Owensboro
Partly Cloudy
82° wxIcon
Hi: 90° Lo: 73°
Feels Like: 90°
Princeton
Clear
84° wxIcon
Hi: 90° Lo: 73°
Feels Like: 90°
Madisonville
Partly Cloudy
° wxIcon
Hi: 90° Lo: 73°
Feels Like: °
Jasper
Clear
84° wxIcon
Hi: 90° Lo: 72°
Feels Like: 90°
The sunshine and heat will be abundant through the Tri State for this week. Temperatures will be on the rise into the low to mid 90s each afternoon this week. Dry skies are expected to stay with us until the end of the work week.
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