Why is the United States experiencing a lumber shortage? An expert has answers.
Throughout the COVID-19 pandemic, the United States has experienced shortages of medical materials, manufacturing products and even consumer goods like toilet paper and hand sanitizer. Now a lumber shortage is gripping the country, causing prices to skyrocket.
Lumber prices hit an all-time high of $1,686 per thousand board feet this month, an increase of 406% from the $333 it was trading at the same time last year. As a result, the price of a new single-family home has increased by nearly $36,000, according to the National Association of Home Builders.
Here, Robert Bardon, a professor of forestry and environmental resources at North Carolina State University, and associate dean for extension at the College of Natural Resources, explains what’s causing the lumber shortage and the importance of lumber to the economy:
The post Why is there a shortage of lumber in the US? appeared first on Futurity.
from Futurity https://ift.tt/3wLCV80
No comments:
Post a Comment