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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.

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