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Soaring Lumber Costs Push New Home Prices Up. Local Sellers Play Guessing Game.

Lumber prices have skyrocketed since mid-April, rising 130% and increasing the cost of a single-family home by more than $16,000 according to the National Association of Homebuilders. Jeff Klearman, portfolio manager at GraniteShares, a New York-based exchange-traded fund provider, told International Business Times that lumber prices have been rising primarily due...

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