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Soaring lumber prices limit housing market's growth

from NAHB

Soaring lumber prices limit housing market's growth NAHB National Association of Home Builders’ Chief Economist Robert Dietz reports due to insufficient domestic production and tariffs on Canadian sources, the price of lumber has staged a staggering increase in recent months, rising 80% since mid-April to an average price of $627 per thousand board feet. Dietz also takes a look at single-family home demand in his report. READ MORE

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