If you are not registered on nahb.org, Create Your Login now. The chart below shows lumber prices and inventories over the last two years, along with various housing indicators home prices, residential construction spending, … Tell NAHB how the prices and availability of lumber are affecting your business. After you have participated in the live sessions, you must take a timed, one-hour skills check and earn a score of 70% or higher to receive course credit. As lumber prices continue to set record highs, the National Association of Home Builders (NAHB) has reported that the cost to build a single family home has increased by $36,000. The United States Stock Market Index (US30) is expected to trade at 33823.66 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 31874.42 in 12 months time. Most of this cost can be passed down to the consumer, but extremely tight supplies mean homebuilders are unable to start more projects. If you are not registered on nahb.org, NAHB PINs are tied to a person, not a company. Open form Lumber prices have skyrocketed more than 300% since April 2020, causing the average price of a new single-family home to increase by nearly $36,000.
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