Currently Reading

NAHB Leadership Predicts Lumber Price, New Administration Effects on Housing

Advertisement
Building Materials

NAHB Leadership Predicts Lumber Price, New Administration Effects on Housing


January 6, 2021
Home construction site with lumber ready for framing
Photo: Michael Flippo

The National Association of Home Builders’ Chief Economist Robert Dietz sits down with leadership to discuss the potential impacts both building material prices and the new administration may have on the industry. Dietz, on NAHB’s Housing Developments podcast, says 2020 brought an 11% increase of single-family construction and that could continue through 2021 to a 5% increase.

The downturn of multifamily construction in 2020 will continue, but as the unemployment rate levels off, multifamily construction will stabilize. Currently, lumber prices are back up to $875 per 1,000 board feet—a 60% gain just from mid-November, according to Dietz. Timing, from supply chains to construction timelines, continues to increase and NAHB believes this will only continue.

Listen to the full podcast here.

 

Related Stories

Economics

Declining Unemployment Rates Suggest Economic Recovery Despite Lingering Labor Shortage

The construction industry is actively hiring and recruiting, but many more new workers are needed to increase housing supply

Economics

Inflation Concerns Elevated by Labor Shortage and Lumber Tariffs

How the long-term effects of high inflation could carry over into 2022 

Housing Markets

Housing Markets to Watch in 2022

Forbes reveals its list of the hottest housing markets for the new year

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.