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Why have lumber costs gone up? Price of lumber continues to skyrocket due in part to pandemic – Fresno, California

Fresno, California 2021-04-30 19:30:35 –

If you are working on an improvement project for that home, and if you are looking to buy a home or build a new home, you will better take into account rising timber prices. It has more than doubled since June of last year.

But why Is the cost of wood rising?

“From late 2019 to early 2020, demand fell slightly and inventories fell across the board. People were worried about where the pandemic would leave the economy, so dealers naturally cut. Pete Meichtry, Vice President of Purchasing at Ganahl Lumber Company, said:

The timber shortage caused by the pandemic has pushed up the price of building materials. The surge has raised the average price of new single-family homes by more than $ 24,000 since this time last year, according to the National Association of Home Builders.

“Let’s say we’re planning to start six months from now. It’s been a pretty tricky game these days because we have to budget a lot more to get started,” said Los Angeles-based designbuild. Contractor Mark Houston said. ..

“People at home have spent time finding money they haven’t spent elsewhere, so they started looking for art house projects that would fencing or repairing the interior of the house … Like moldings, “says Meichtry.

Another reason for the shortage: high tariffs on timber imported from Canada.

So when does this end? Home remodeling and self-made projects will continue in the coming months.

Ganahl Lumber Company believes prices could soften later this year.

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Why have lumber costs gone up? Price of lumber continues to skyrocket due in part to pandemic Source link Why have lumber costs gone up? Price of lumber continues to skyrocket due in part to pandemic

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