lumber prices News

Shortages of Supplies and Workers Will Delay Gulf Rebuilding

Joe Sobol, owner of Big Easy Construction in New Orleans, has bad news for homeowners who’ve been calling about roofs damaged by Hurricane Ida or to get an update on renovations that were scheduled before the storm ripped through the …

Material, Labor Price Hikes Driving Increases in Claim Costs

The COVID-19 pandemic is causing a sharp increase in the price of materials and labor and driving increases in property claim costs, experts said during a webinar hosted by ATI Restoration on Tuesday. “We’ve never seen lumber move this drastically …

Builders Grapple With Land Shortage, Soaring Lumber Costs

LOS ANGELES (AP) — U.S. homebuilders are poised to benefit this spring homebuying season amid strong demand, low mortgage rates and an all-time low inventory of previously occupied homes for sale. But soaring lumber prices and a shortage of construction-ready …

Lumber Buyers ‘Pay Up or Run Out’ Amid U.S. Homebuilding Surge

With U.S. lumber prices at fresh record highs, construction companies and wood wholesalers are buying just enough to get by, threatening to make price swings even bigger. Lumber futures in Chicago reached a record $855.10 per 1,000 board feet on …