Feb 15, 2022 - Economy

Lumber prices back on the rise

Chart: Axios Visuals

Rising prices for lumber are once again adding to worries of soaring home prices.

Fueling the surge: Sawmills still can’t keep up with demand, wildfires wrecked inventory and tariffs doubled on Canadian lumber.

By the numbers: Prices are 22% higher than in early December and they’ve risen 34% this month so far. 

  • At about $1,000 per thousand board feet of framing lumber, the price of an average new single-family home increases by more than $18,600, according to the National Association of Home Builders. 
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