BY BRAD BECKETT ON FEBRUARY 21, 2022
We continue to post about rising lumber prices and their impact on the housing industry. In a recent report, CNBC’s Diana Olick says the price of lumber has been on a roller coaster since the start of the pandemic, and it’s disrupting the housing market. Click here to read more.
As we have seen, not only are soaring costs increasing the price of a new home, they are also adding nearly $7,300 to the average cost of a new multifamily home, translating into an additional $67/month to the rent.