Builders: New Home Prices Are $14K Higher Due to Lumber Cost

Newsbreak – A recent spike in softwood lumber prices is contributing to the increased average price of a new single-family home, the National Association of Home Builders reports. New single-family homes have increased by an average of about $14,116 since April 17, according to the NAHB, and new multifamily homes have increased $5,322 over the same period.