Lumber Is Really Expensive Right Now—Here Are 5 Ways To Save on Your DIY Project

 Lumber Is Really Expensive Right Now—Here Are 5 Ways To Save on Your DIY Project

As you get ready to start home DIY projects this summer, prepare for record-breaking lumber prices. Over the past year, the cost of lumber has increased 430%—from $259 per 1,000 board feet of lumber to over $1,300, according to Fixr, a home remodeling resource. The latest numbers from Nasdaq show lumber prices at $1,500 for 1,000 board feet.

With many people taking advantage of historically low interest rates and building new homes, plus high demand for remodeling projects causing a shortage in lumber, many are finding that their projects are taking longer to finish. And for those with plans to do DIY projects that use lumber, setting a budget is a challenge.

“As the price continues to change, it is becoming difficult to budget how much certain remodeling may cost,” says Adam Graham, construction industry analyst at Fixr.

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While you might have to wait on certain renovations that don’t fit your budget with…

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