A Data Viz of U.S. Lumber Prices in 2021

Data

A Data Viz of U.S. Lumber Prices in 2021

My wife and I moved into our downsized home three years ago. Our timing was good. There was some available inventory, and we were able to purchase a very nice home for a reasonable price. This weekend we received a letter from a realtor who is representing a buyer that wants to purchase a house in our subdivision. It’s a small subdivision with only 22 homes, all of which were built between 2016 and 2019.

I responded to the email basically telling them that I wanted $200/sq. foot for our house, which would represent a 30% increase versus what we paid. The realtor didn’t even blink. He asked for pictures of the kitchen and said his buyer would be interested at that price. I later told him that we were not interested in selling. But this got me interested in the price of lumber. It’s been a big new item.

The Economic Impact of COVID-19

Between January and May of 2021, lumber prices have increased 4X. The National Homebuilders Association estimates that the cost of a 2,000-square-foot home had to increase by an average of $38,000 because of lumber prices. According to our local realtor, an even bigger impact is the inventory of available homes for sale. He told me there are only 238 homes on the market in our town, when normally this time of year, we should have around 2,300 homes. Covid-19 has created some weird market dynamics, and my interest in them led to the creation of the Tableau viz below. You can also find the workbook attached.

More About the Author

Dan Murray

Director of Strategic Innovations
A Data Viz of U.S. Lumber Prices in 2021 My wife and I moved into our downsized home three years ago. Our timing was good. There was some available inventory, and we were able ...
Tableau Conference 2020: Keynote Recap I’ve been going to Tableau Conferences ever since the first one at the Edgewater Hotel in Seattle in 2008. There were around 200 total ...

See more from this author →

Subscribe to our newsletter

  • I understand that InterWorks will use the data provided for the purpose of communication and the administration my request. InterWorks will never disclose or sell any personal data except where required to do so by law. Finally, I understand that future communications related topics and events may be sent from InterWorks, but I can opt-out at any time.
  • This field is for validation purposes and should be left unchanged.

InterWorks uses cookies to allow us to better understand how the site is used. By continuing to use this site, you consent to this policy. Review Policy OK

×

Interworks GmbH
Ratinger Straße 9
40213 Düsseldorf
Germany
Geschäftsführer: Mel Stephenson

Kontaktaufnahme: markus@interworks.eu
Telefon: +49 (0)211 5408 5301

Amtsgericht Düsseldorf HRB 79752
UstldNr: DE 313 353 072