After the Summer of 2021, it seemed like lumber prices were finally settling down and becoming less volatile. Unfortunately, the pricing of 1,000 board feet rose to above $1,400.
At the end of 2021, there was a gap of 5.8 million homes that the market had a demand for. This creates a vast market and evident demand for builders to start more housing projects.
Since tariffs usually have an impact on the importer, this amounts to a 9% increase in lumber prices imposed by the US Government on lumber imported from Canada.
The best time to think about what options you have to keep costs under control is when you are designing and planning your home.
Steel studs can save on both material cost and labor. The lower labor costs are partially because they weigh less for the same applications.