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. Although the housing sector continues to be a leader in the nation’s economic recovery, these sharp price increases threaten housing affordability for all Americans.
The escalating lumber prices are largely due to insufficient domestic production and extremely large lumber mill curtailments that lasted well into the 2020 building season. NAHB has reached out extensively to the Biden administration and other government officials calling for prompt action. During a recent House Appropriations subcommittee hearing, Commerce Secretary Gina Raimondo acknowledged the issues surrounding lumber and promised to take action.
Options for Builders
NAHB offers tools and resources to help builders navigate the lumber price crisis.
Framing Lumber Prices
See an overview of weekly price changes in the framing lumber market.
Outreach to Lawmakers
See how NAHB is addressing concerns to the Biden administration and Congress.
Impact of Lumber Tariffs
Learn how tariffs on lumber imports act as a tax on American home builders and buyers.
Read about NAHB's efforts through the local, national and international news media.
Share Your Experience
Tell NAHB how lumber prices and availability are affecting your business.