How much more? Rising prices of lumber impact home builders

Lumber prices are up and that is impacting house builders in the area. It also increases how much you pay when looking for a home.
Lumber

Lumber prices are up and that is impacting house builders in the area. It also increases how much you pay when looking for a home.

“Sheet of 7 by 16 OSB which we use to sheet walls and roofs with is right around $42,” said Matt Kinning, KDB Investment Building.

“We normally like paying 8 to 10 bucks for that type of stuff. Studs are normally $2, $3, 4 dollars and there up to $11, 12 dollars.”

$36,000 is how much more the average family has to pay for a home because of the high lumber prices. Kinning worries this could create gaps for lower-income families to afford a home.

When buying lumber, Kinning says it takes longer to get his supplies because there are not as many truck drivers to deliver it.

“We’re starting to see delays in the supply chain, ” said Kinning. “So appliances are taking twice as long to get here, windows, all the things that we need to build a house.

The shortage of the truck drivers bothering us as much as the overall cost in the proceeds of building a home.”

Kinning says bought products will sit in other states longer because no drivers are available to get them.

He also says housing is vital because it supports so many jobs and families not just in Lincoln but across America.

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