construction materials costs

Up, Down, Boom, Bust, What’s Next With Lumber Prices?

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When the price of lumber rose 300%, many of us wondered if that would be another new normal: pandemics and exorbitant lumber prices. It took Fortune eight charts to explain the skyrocketing lumber prices that recently fell to earth. Lumber prices peaked at $1,515 per thousand board feet, then plummeted to $399 and rose to $630 in […]

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Dealing With Rising Construction Materials Costs

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Overall costs are lower than they’ve been since 2010 for the construction industry. But construction materials costs are rising. In August 2020, we saw the largest increase in lumber prices since 1949. Some of the rising costs can be attributed to: Construction demand is greater than mills’ current production capabilities. DIY (do-it-yourself) renovation projects increased among

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