Skip to main content

Lumber Prices Are Still Sky-High. Here’s How That Could Affect Your Homeowners Insurance

If you’ve walked through your local home improvement store lately, you may have noticed that lumber prices are skyrocketing this year. In fact, the wholesale price of lumber hit an all-time high in May – climbing a staggering 323% since the start of the coronavirus pandemic in 2020.

How did all this craziness start? And more importantly, how might it affect you – or your homeowners’ insurance?