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

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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%.

softwood rises cost

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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Chris is our Texas contributor covering building products and home renovation.