Tag: lumber prices

Critical Home Repairs Delayed Because of Sky-High Lumber Prices

Filed in Advocacy, Material Costs, Remodeling by on March 26, 2021 24 Comments
Critical Home Repairs Delayed Because of Sky-High Lumber Prices

As lumber prices remain sky high, home-building activities continue to suffer across all aspects of the industry — including remodeling projects. Cost increases have had an impact on home owners across the board, from those in need of critical assistance to those who have been planning projects for years.

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Lumber Prices Stalling Much Needed Multifamily and Affordable Housing Supply

Filed in Advocacy, Material Costs, Multifamily by on March 22, 2021 7 Comments
Lumber Prices Stalling Much Needed Multifamily and Affordable Housing Supply

Although the multifamily sector is expected to rebound later in 2021 and in 2022, the current environment is placing significant pressures on the industry, which is experiencing shortages and delays in obtaining building materials, rising prices and labor shortages.

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A Full-Court Press on Lumber

Filed in Advocacy, Material Costs by on March 19, 2021
A Full-Court Press on Lumber

NAHB continues to move rapidly and aggressively to engage the Biden administration on lumber and to urge policymakers to take immediate action to address skyrocketing lumber prices and supply shortages that are harming home builders, home buyers, remodelers and the economy.

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NAHB Spearheads Coalition Effort on Lumber

Filed in Advocacy, Material Costs by on March 12, 2021
NAHB Spearheads Coalition Effort on Lumber

In an effort led by NAHB, more than 35 organizations today sent a letter to Commerce Secretary Gina Raimondo urging the secretary to turn her “immediate attention to an issue threatening the economic recovery and housing affordability: the price of lumber. We respectfully request that your office examine the lumber supply chain, identify the causes for high prices and supply constraints, and seek immediate remedies that will increase production.”

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Lawmakers Ask Biden and the Justice Department to Act on Lumber

Filed in Advocacy, Material Costs by on March 5, 2021 31 Comments
Lawmakers Ask Biden and the Justice Department to Act on Lumber

Reps. Jim Costa (D-Calif.) and Jodey Arrington (R-Texas) sent a letter to President Biden and the Department of Justice on March 4 urging the administration to respond to rising building materials prices and supply shortages, particularly, lumber, that are harming the housing market and threaten the economic recovery.

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Podcast: How the Future of the GOP will Impact Business

Filed in Advocacy by on March 3, 2021 0 Comments
Podcast: How the Future of the GOP will Impact Business

On the latest episode of Housing Developments, NAHB CEO Jerry Howard and Chief Lobbyist Jim Tobin discuss how the evolution of the Republican party will impact how legislative business gets done, which will likely impact the business of NAHB members.

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How Rising Lumber Prices Impact More Than Just Home Builders

How Rising Lumber Prices Impact More Than Just Home Builders

The fast price escalation in lumber is having far-reaching consequences throughout the industry, and prohibiting home builders and partner organizations from providing much-needed housing to families across the country.

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Can High-Performance Building Strategies Decrease Lumber Demand?

Can High-Performance Building Strategies Decrease Lumber Demand?

Solving the lumber crisis is a critical priority for NAHB, particularly because of housing affordability implications. Potential solutions that use high-performance building strategies can reduce the amount of lumber needed to build a home and reduce the demand on the timber industry.

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What Builders Should Know About Appraisals and Lumber Prices

Filed in Advocacy, Material Costs by on February 23, 2021 28 Comments
What Builders Should Know About Appraisals and Lumber Prices

As builders struggle with front-end issues, such as rising lumber prices and material shortages, they are also experiencing additional challenges on the backend, as appraisal standards make it difficult to recognize the full impact of sharp increases in the cost of building materials. Here are some tips to have your appraisal better reflect your actual building costs.

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Record-High Lumber Prices Add $24K to the Price of a New Home

Filed in Advocacy, Material Costs by on February 22, 2021 79 Comments
Record-High Lumber Prices Add $24K to the Price of a New Home

Lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020, according to NAHB standard estimates of lumber used to build the average home. Similarly, the market value of the average new multifamily home has increased by $8,998 over the same period due to the surge in lumber prices.

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