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Price Of Lumber Affecting Texas Home Construction

truevalue.com

The price of lumber is going through the roof. Since its low in April of 2020, it’s gone up sevenfold to more than $1,600 per thousand board feet. Phil Crone with the Dallas Builders Association says in some cases, the price of new homes increases, even after signing the contract. Crone says one thing that the Biden administration can do to help in the short-term is to do away with a Trump-era tariff on Canadian lumber, currently at nine percent.