[New post] Higher Lumber Prices Add Nearly $19k to the Cost of a New Home

Brad Beckett posted: "We continue to post about rising lumber prices and their impact on the housing industry.  In a recent report, CNBC's Diana Olick says the price of lumber has been on a roller coaster since the start of the pandemic, and it's disrupting the housing market." New post on Real Estate Investing Today Higher Lumber Prices Add Nearly $19k to the Cost of a New Home by Brad Beckett We continue to post about rising lumber prices and their impact on the housing industry.  In a recent report, CNBC's Diana Olick says the price of lumber has been on a roller coaster since the start of the pandemic, and it's disrupting the housing market.  As we have seen, not only are soaring costs increasing the price of a new home, they are also adding nearly $7,300 to the average cost of a new multifamily home, translating into an additional $67/month to the rent. Click here to read the full story at CNBC.com.     Brad Beckett | February 21, 2022 at 9:22 am | Tags: apartments, building, cnbc, data, diana olick, disruption, economy, flipping, home prices, home sales, homeownership, housing, inflation, investing, landlording, lumber, lumber prices, multifamilies, property management, real estate, real estate investing, rehabbing, remodeling, rentals, residential, states | Categories: Market Trends | URL: https://wp.me/p6zbSw-45h Unsubscribe to no longer receive posts from Real Estate Investing Today. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://realestateinvestingtoday.com/higher-lumber-prices-add-nearly-19k-to-the-cost-of-a-new-home/