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Price of lumber sees dramatic increase

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Lumber

Eau Claire (WQOW) - Lumber prices have risen significantly since April, with some lumber costing between 80 and even 150 percent more than it did just a few months ago.

"The Latest Framing Lumber Prices" graph by National Association of Home Builders

According to the National Association of Home Builders, the price of lumber has been increasing for a variety of reasons that are mostly related to the pandemic. Mills are closed or short-staffed, and as people have more free time, Do-it-yourself projects have become more popular.

The branch manager of Lyman Lumber, Kevin Anderson, said he has seen an extreme increase in demand at his store.

"Availability right now has been every bit as big a concern as pricing is, because the availability of product is almost nonexistent. Then when we do go to order its several weeks, or several months to get a product in," he said.

Anderson said that the increase cost for lumber is unprecedented and can add tens of thousands to the cost of building a new home.

"There's been increased demand and the supply is to the point where this has just never been seen before with these types of price increases."

As far as when prices will go back down, Anderson said he does not foresee that happening this year.

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Felicity Bosk

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