From Seattle station KING-5:
Skyrocketing lumber prices drive up homebuilding costs in Washington
Anyone buying lumber these days is in for sticker shock. Prices are at unprecedented levels, and it's affecting everyone from people planning home construction projects to home builders, like Landed Gentry Homes.
The Skagit Valley home builder has never seen lumber prices skyrocket like this before.
The price of lumber has gone up 188% since the beginning of the pandemic, adding at least $24,000 to the price of a new single-family home, according to the National Association of Home Builders.
Landed Gentry is building a 60-house development. The contracts have already been signed so they are locked in to what they can bill. Sucks.
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