Lumber is down from the stratosphere, but still pricy for Minnesota builders and home owners
September 16, 2021
Lumber prices, a key cost in home construction and an influence on inflation in Minnesota and the nation, have plunged from their peaks this spring but remain well above pre-pandemic levels.
The development is welcome news to people who want to build a new home because, aside from land acquisition and labor, lumber is typically the highest component cost.
Prices on certain types of wood products remain elevated, including special order deckings, made-to-order windows and doors, engineered lumber, roof and floor trusses. Lead times on those products are long.