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Lumber Prices Skyrocket During Pandemic Construction And Remodeling Boom

5 days ago   |   By CBS

MINNEAPOLIS - The pandemic may seem like a good time to take on some projects around the house - but if you're planning to build or renovate, it will cost you.
The National Association of Home Builders says the price of lumber has shot up more than 180% since last spring, with the spike causing “the price of an average new single-family home to increase by more than $24,000 since April 17, 2020.”
When COVID-19 hit, no one knew how it would affect the housing market. Many builders braced for impact. David Siegel is the executive director of Housing First Minnesota , which represents nearly...
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