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.

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Showers and storm chances will be arriving for your Monday. There is even an isolated threat of some of these thunderstorms could produce damaging winds and heavy downpours. Significant cooler air will move in by Monday night.
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