Lumber Prices are Near Record Highs, Could They Push Home Prices Up Further?

Mortgage Professional America, Jan. 22, 2021–David Kitai
Historically, high lumber prices have underpinned the housing story since the pandemic began. While they haven’t managed to prevent homebuilders from breaking records in the past year, one expert believes these high prices and volatile swings have slowed the pace of home construction and could pose a risk to the addition of much-needed new home supply.