Higher Lumber Prices Add Nearly $19k to the Cost of a New Home

We continue to post about rising lumber prices and their impact on the housing industry. In a recent report, CNBC’s Diana Olick says the price of lumber has been on a roller coaster since the start of the pandemic, and it’s disrupting the housing market. As we have seen, not only are soaring costs increasing the price of a new home, they are also adding nearly $7,300 to the average cost of a new multifamily home, translating into an additional $67/month to the rent. Continue reading HERE...