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Lumber’s Unusual Price Surge Inspires TikTok Videos and Sticker Shock

With demand for wood skyrocketing, more than $24,000 has been added to the cost of the average new U.S. house.

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Record Lumber Prices Build as U.S. Housing Booms

It started with toilet paper and bleach wipes. Then came price surges in Bitcoin, silver and even puppies at one point. Now many are being confounded by a spike in a commodity few ever really think about: wood.

Lumber prices have tripled since June 2020, soaring to more than $1,300 per 1,000 board feet. This has meant some serious sticker shock for many who were planning home-improvement projects this spring and summer.