Sky-High Lumber Prices Jeopardize Housing Affordability
Bipartisan Policy Center – As America begins to recover from the COVID-19 pandemic, the housing market has been resilient. Housing demand is extremely strong and home values are rising in markets across the country, providing a significant boost to the U.S. economy. But these positive trends should not obscure a problem with major implications for homeownership access and affordability: the acute shortage of the lumber needed to build new single-family homes and apartments.
