Skyrocketing Lumber Prices Have Increased The Average Price Of A New Home By $35,872 In 1 Year

Do any of you remember when you could buy an entire house for $35,000?  There was a time in America when middle class Americans could buy a house and have it paid off in just a few years.  But now existing home prices have soared into the stratosphere, and lumber prices are making it ridiculously expensive to build new homes.  As you will see below, skyrocketing lumber prices have driven up the average price of a new home in the United States by almost $36,000 over the past 12 months.  That is absolutely nuts, but everyone agrees that even more inflation is on the way.

On Monday, the price of lumber continued to escalate dramatically.  According to the Wall Street Journal, lumber futures are now “more than four times the typical price this time of year”

The Federal Reserve has got to keep pumping more money into the financial system or the stock market will crash.

theeconomiccollapseblog Skyrocketing Lumber Prices Have Increased The Average Price Of A New Home By $35,872 In 1 Year