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Lumber prices are surging once more. You might remember when they hit a staggering level last spring. They aren’t back up to that level yet, but this new surge is, again, adding thousands of dollars onto the price of a new home and making homes that much less affordable. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. The National Association of Home Builders reports that lumber prices have almost tripled over the last four months. That’s adding more than $18,600 to the price of an average new single-family home, and about $7,300 to the market value of a multi-family home. The multi-family price hike translates into about $67 dollars a month more that tenants have to pay in rent for a new apartment. (1) Lumber Price Look-Back The lumber price roller coaster began at the start of the pandemic when sawmills shut down in step with the Covid lockdown. Back then, most people thought that the housing market would suffer as COVID spre