Home Building Costs 2021
Thinking about building a new home this year? You may be asking what are the home building costs in 2021. Lumber prices are up a staggering 188%
This hike in price is adding an average of $24,000 to the price of a new single family home. Last year when everyone was stuck at home and had some extra time to get those home projects done the demand for lumber rose extremely high. Now with a limited supply, we are seeing the prices explode. Buying a new home this year, flipping a property or rehabbing your current home is going to cost a lot more than just a couple of years ago. This increase is expecting to continue over the next couple of years.