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Cost of Lumber in a 2,000-Square-Foot House
COST PER 1,000 FT* FRAMING LUMBER STRUCTURAL PANEL LUMBER COSTS PER HOUSE
$200 $3,488 $1,394 $4,882
250 4,360 1,743 6,103
300 5,232 2,091 7,323
350 6,104 2,440 8,554
400 6,976 2,778 9,764
450 7,848 3,137 10,985
500 8,720 3,486 12,206
550 9,592 3,834 13,426
600 10,464 4,183 14,647
650 11,336 4,531 15,867
700 12,208 4,880 17,088
750 13,080 5,228 18,308
800 13,952 5,667 19,529

*Cost per 1,000 board feet of framing lumber or 1,000 board feet of structural panels such as plywood.

SOURCE: NAHB

The Effect of Lumber Prices on the Cost of Housing
Lumber prices have increased dramatically this decade, making new homes less affordable. Prices averaged $200 per 1,000 board feet during the 1980's; for the 1990's prices have averaged over $300. The increases have been caused primarily by environmental restrictions on timber harvesting in the forests of the Pacific Northwest.

The cost of lumber and wood products accounts for one-third of the costs of materials used to build a home. A typical 2,000 square-foot-home uses nearly 16,000 board feet of lumber and 6,000 square feet of structural panels, such as plywood. At $400 per 1,000 board feet, the lumber package for a 2,000-square-foot-home costs nearly $10,000.

Check current lumber prices at the Random Lengths web site.