Tag: Lumber

LBM Journal – Lumber and Building Material Trends, Data, Products and Best Practices

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Lumber Headlines Broad-Based Increases in Building Materials Prices


Prices paid for goods used in residential construction ex-energy rose 2.1% in January (not seasonally adjusted) and have increased 6.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

The index for inputs to residential construction, including food and energy, also increased over the month (+2.5%) as energy prices climbed 5.1%.

Prices paid for softwood lumber (seasonally adjusted) rose 13.9%. Lumber prices have remained extremely volatile since the 88.5%


The 2020 Lumber Shortage – ConstructionMagNet.com

by Jessica Franchuk

I’d first heard rumblings of a wood shortage earlier this spring, but it wasn’t until summer that I saw it first-hand. A trip to our local lumber yard revealed bare shelves that were normally overflowing with product—a mere handful of treated 2 x 4s remained in the many slots dedicated to this popular size.

After a quick internet search for “lumber shortage 2020,” most of the articles and news briefings you’ll find are about how this shortage is affecting the residential market (which has been booming). According to the National Association of Home Builders (NAHB), since mid-April


Rising Lumber, Building Material Costs Press on New-Home Prices

Rising Lumber, Building Material Costs Press on New-Home Prices | Realtor Magazine

New-home sales tapered off at the end of 2020 as higher home prices offset some of the strong buyer demand seen earlier in the year. While sales of newly built single-family homes increased 1.6% in December, sales had been much stronger over recent months.

New-home sales in 2020 posted an 18.8% increase over 2019, the U.S. Department of Housing and Urban Development and U.S. Census Bureau


‘It’s been crazy:’ Pandemic has sent lumber prices soaring, causing home construction costs to rise amid strong demand | Business News

“I would say that some builders are passing on as much [of the cost] as they can,” Bode said. “I don’t think they are passing on the full cost. It is having a big impact on the building industry in general.”

Bode said home builders have passed along costs to home buyers from as little as nothing to as much as $35,000 to account for lumber price increases.

Yet the market for new homes still remains strong, he said.

“We have seen some hesitation with buyers,” because of the cost increase, he said. “But we are still projected to have