Lumber prices skyrocket

(NBC) – Lumber prices have more than doubled over the past year.

Experts say the nationwide COVID lockdown forced commercial sawmills, furniture manufacturers and homebuilders to temporarily shut down.

That’s caused a shortage of cut and finished lumber across the country.

Also a factor is increased demand for new home construction and home remodeling during the pandemic.

According to the National Association of Homebuilders, the average cost of a new home has gone up $36,000 in recent months.

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