Fortune Magazine says lumber is up over 200% this year. A chart, in the video above, shows costs for builders and rehabbers are soaring. Welcome to 2021’s lumber price insanity, where the price of a two-by-four can jump in minutes, due to a nationwide lumber shortage. “It was $400 a year ago, and now it’s up to $1,200 — so it’s three times the cost,” said Brad Olinger, president of Sterling Homes.
“It ended up being $33.50, which is higher,” Parker said. By the time he got to the checkout, Parker says the price on the store’s digital signboard had changed.
Don’t Waste Your Money: Furniture Delivery Delays “When I put the OSB in my cart it was $26.95,” Parker said.
And it’s not just lumber going up in price: Almost all home-building products, including plumbing, drywall — and even drywall paste — are a lot more expensive than they were in 2020. Marc Michaelson is the owner of Michaelson Homes. “We give an estimate of what the price will be, and then we bid everything out,” Olinger said.
Don’t Waste Your Money: New or Used cars? Olinger can’t give buyers an exact quote anymore.
The News Highlights
- Don’t waste your money: crazy lumber prices
- Check the latest News news updates and information about business, finance and more.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week