Why Lumber Prices Have Skyrocketed?

Be prepared for sticker shock if you're buying anything made out of wood. FOX26 reporter Rich Rodriguez explains why lumber prices have skyrocketed and there's no end in sight.

In the past year, it's gotten a lot more expensive to buy a house or a backyard fence. So why are lumber prices up more than 200 percent?

"This car of lumber a year and a half ago was probably $25,000," said Tom Powers co-owner of Holt Lumber in Fresno. "That car load of lumber sitting there right now is probably $80,000."

Holt Lumber sales near downtown Fresno is a family-owned and operated business.

Powers says the blame for rising lumber costs begins with COVID-19.

"The mills have trouble getting the workers into the forest to harvest the logs," said Powers. "At the mill level, they have trouble getting workers to run the machinery."

"The prices for fence materials in particular, posts, 2X4's, pickets, they've all tripled this season," said John Moore with J&D Fence Company.

He says despite the rising prices, he's staying busy. "They're getting some stimulus money. I guess it's a gift so they don't mind going out spending that money," said Moore.

Holt Lumber supplies many builders in the Fresno area and business has remained brisk. "We see them, they'll pump the brakes and they wait but the demand is still there," said Powers. "The home buyers are still knocking on their door."

With prices surging for more than a year, Powers has no idea when things will level off.

One more example of the price hikes... a sheet of plywood that sold for $12 a year ago will cost you $50 now.

Rate this item
(0 votes)

FDMAsia About Us

For almost 40 years, FDM Asia has been the publication of choice for woodworking professionals in Asia Pacific, providing the latest news and expert insights of a diverse range of topics including process technologies, furniture production, panels manufacturing, raw materials handling and sustainability issues.

We have one of the most comprehensive woodworking database and e-media programme to assist you in your e-marketing and give you an exclusive opportunity to connect to our online subscribers.

Information