U.S. construction costs rose 2.7% in Q2 and 5.4% year-over-year, driven by higher lumber and copper prices, as tariffs and ...

Lumber is a leading industrial commodity as it is required for new homes and infrastructure building. While lumber futures ...

There were gains and losses across most sectors for the month ending on Friday, August 29, in a month where some commodities ...

We can see from the chart above that lumber started steadily declining as early as 2004, more than two years before national home prices started to turn south. The second instance is right now.

The real estate market is red hot, but record-high lumber prices are driving up costs for home builders and home buyers.

A perfect storm has driven lumber prices of up 308% since the onset of the pandemic, with big implications for homebuilders and buyers. Here’s what happened.