Lumber prices have been especially volatile in the wake of the COVID-19 pandemic due to increased demand and supply-side constraints. The unprecedented spikes in lumber prices have added nearly $36,000 to the average price of a new single-family home, and nearly $13,000 to the price of a multifamily home since April 2020. 

NAHB is hosting a series of webinars throughout this month to help members and other industry professionals better understand these cost increases and supply-chain challenges, and to learn key strategies to adapt within this evolving market. While NAHB continues to work with government officials on long-term policy solutions, builders can take action now to help lessen the impact on their business operations.