Lumber prices are sky high: Here’s what it means for homeowners and homebuyers

  • Lumber prices are spiking as D-FW homebuilders ramp up construction. (Smiley N. Pool/Dallas Morning News/TNS)

  • Lumber prices have jumped to new highs. Lumber costs soared more than 30% this year, and they’ve nearly tripled since last spring’s deep downturn in economic activity. (Metrocreative Connection/Special to West Hawaii Today)

Home prices are soaring, pushed higher by a combination of record-low mortgage rates, strong demand from buyers and a lingering lack of new construction.