Skyrocketing Lumber Prices Hit California New Home Buyers Hard

By Susie Steimle, CBS San Francisco:

BAY AREA (KPIX) — Lumber prices have hit historic levels and they’re making homes in California even more expensive, builders say it’s causing a ripple effect that will price more people out.

For those who were lucky enough to shelter in place in a home they own this past year, 2020 gave them time for DIY projects.

“People were sitting home for a year, looking at their old house. They get tired of that and they start thinking of building a home office,” said Denny Kasten, president of Kasten Builders.

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