NAHB Keeps Lumber Prices in the Headlines

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Contacts: Alex Strong
(202) 266-8279
astrong@nahb.org

David Logan
(202) 266-8448
dlogan@nahb.org

Felicia Watson
(202) 266-8229
fwatson@nahb.org

Since mid-April 2020, lumber costs for the average single-family home have climbed more than 170%. According to NAHB analysis, this has resulted in an increase of more than $16,000 in the price of a new single-family home. And the average cost increase for a new multifamily unit is approximately $6,107.

These sharp increases threaten the affordability of new homes and the housing sector, which is leading the nation’s economic recovery.

NAHB continues to seek prompt action from the Administration by calling on domestic lumber producers to ramp up production to ease growing shortages and making it a priority to work with Canada on a new softwood lumber agreement that would end tariffs averaging more than 20% on Canadian lumber shipments into the United States.

Recent NAHB Lumber Coverage

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September 2020:

August 2020:

July 2020:

June 2020:

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