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March 31, 2022

Here are some ways to keep construction costs down as lumber prices continue to soar

  • Demand is strong in all housing sectors, including single-family homes, multifamily developments and build-to-rent communities.
    Relentless Finances

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    The average home takes 16,380 board feet for framing alone, meaning a $1,000 increase in price from the usual $400 results in a whopping $16,380 boost to lumber costs a a home.

    After the summer of 2021, it seemed like lumber prices were finally settling down and becoming less volatile. That abruptly changed when Russia invaded Ukraine. Almost overnight, the pricing of 1,000 board feet rose to above $1,400 — levels that have not been seen since last May.

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