Up 218% in the past five months to $1,238 per thousand board feet!
Material shortages and lack of skilled labor have caused headaches for remodelers and homebuyers across the country, causing delays in remodeling projects.
Despite these challenges, NAHB reported that remodelers’ sentiment continued to improve, with the NAHB/Royal Building Products Remodeling Market Index (RMI) staying well above the benchmark point of 50.
“Every sub, vendor, and supplier is as busy as they’ve ever been,” Matthew Emmons, president of Emmons Construction in Jenks, said. “I think the concern moving forward is timing for completion and keeping quality at a premium during all the chaos of supply chain issues and labor shortages.”