Lumber Prices Rise

Housing starts have increased as the economy grows. As a result, an increasing number of Americans can afford to add-on or build homes. According to Deloitte, housing starts jumped 35% year-over-year in this year’s first quarter. As housing starts grow, along with home prices and expanded sales, lumber and material prices have also increased. Experts expect that lumber and material prices as a whole will continue to rise and may prevent potential home-builders from building. More here

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