The Costs of Softwood Lumber Rises Nearly 30% Over Past Three Months

Prices of goods for residential construction rose 1.8% using a seasonally unadjusted basis.

This marked positive growth for three consecutive months.

This was according to Bureau of Labor Statistics’ Producer Price Index (PPI).

The 11.0% increase in softwood lumber prices led the rising of prices paid for building materials.

Since its decrease of almost 11% in April, softwood lumber prices rose 29.3%.

According to the National Association of Home Builders’ (NAHB) Eye on Housing blog, this is now approximately equal to the prices paid during the peak of the early-to-mid-2018 run up.

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