Skyrocketing Lumber Prices Could Level Off by Fall

Prices of lumber are expected to decrease as we head to a slower construction season in the fall and winter months.

Posted: Jun 4, 2021 10:09 AM
Updated: Jun 4, 2021 10:51 AM

The dramatic surge in lumber prices is making the dream of homeownership harder to achieve for many Americans.

A big increase in home renovations during the pandemic drove up demand, and sawmills have had trouble keeping up.

They say logistical issues like staffing and delivery are making it hard to keep stores and lumber yards supplied.

The shortage has added roughly $36,000 to the price of building a new home.

Some good news officials say prices are already starting to come down and should be significantly lowered by the fall season when there's typically a natural downturn in demand.

Evansville
Clear
15° wxIcon
Hi: 26° Lo: 9°
Feels Like: 6°
Owensboro
Clear
14° wxIcon
Hi: 27° Lo: 11°
Feels Like: 14°
Princeton
Clear
14° wxIcon
Hi: 25° Lo: 7°
Feels Like: 14°
Madisonville
Clear
19° wxIcon
Hi: 30° Lo: 12°
Feels Like: 11°
Jasper
Clear
11° wxIcon
Hi: 26° Lo: 6°
Feels Like: 11°
The bitterly cold start to our Wednesday will inevitably lead to a cooler-than-average afternoon across the Tri-State. We're currently expecting an afternoon high of 26° in Evansville on Wednesday afternoon (that’s 17° below average for this time of the year). Temperatures will once again dive back down towards the teens for many of us overnight and into early Thursday. As for right now Thursday morning looks as though will be slightly warmer, but only just - believes model data indicates that we will see a morning low temperature of 14° under partly cloudy skies in Evansville tomorrow morning.
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