New Homes Can Cost $25,000 More Just in Lumber

“There has been a pretty significant supply chain disruption related to COVID-19,” said Will Ruder, executive vice president of the Home Builders Association to Brian Johnson, a reporter for KMBC News recently. In the story, “Housing, lumber prices soar because of COVID-19 pandemic,” Ruder explains how the pandemic has reduced the amount of lumber available while at the same time has increased demand for new homes. Today, a new home can cost $25,000 more just in lumber, Ruder noted.