Softwood lumber still adding $14K to new-home priceSoftwood lumber still adding $14K to new-home pricehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=278442022-07-22T05:00:00Z2022-07-26T16:00:00Z

​​​​WASHINGTON – Homebuilders are paying 74 percent more for softwood lumber used in an average single-family home than they did in April 2020. 

While that's down from the peak in spring 2021, when softwood prices added some $36,000 to the average new home, it's enough to increase the single-family home price by an average of $14,345 and the market value of an average new multifamily home by $5,511.

The National Association of Home Builders estimates the higher cost adds $51 a month to the rent for a new apartment.

National Association of Home Builders
https://www.builderonline.com/data-analysis/nahb-softwood-lumber-price-volatility-adding-more-than-14k-to-new-home-prices_c?utm_source=newsletter&utm_content=Article&utm_medium=email&utm_campaign=BP_072222&Read more at {Source}

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