Lumber alone has added $51 per month in rent and more than $14,000 per newly built home, according to National Association of Home Builders and leading sources.
Wild swings have made it difficult to peg reasonable cost estimates for developers.
Paul Emrath, NAHB Vice President for Survey and Housing Policy Research, writing in NAHB's Eye on Housing post, shared that based on July 1 Random Lengths prices, the costs have risen to $29,407 for the softwood lumber products in an average single-family home, and $10,734 for the products in an average multifamily home.
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