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U.S. family homes that can be built for 50,000 U.S. dollars of timber 2010-2021

Number of median family homes that can be built in the United States for 5,000 U.S. dollars of lumber from 2010 to 2021

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Sources

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Release date

May 2021

Region

United States

Survey time period

May 2010 to May 2021

Supplementary notes

The source makes the following assumptions for the calculations:

  • Lumber requirements: 6.3 board feet (bd ft) per square foot (sq ft)
  • Median single family house size: 2,301 sq ft
  • Total lumber required per single family house: 14,496 bd ft

The following prices were used by the source for the calculations:
  • 2010: 270 USD per 1,000 bd ft on May 1
  • 2015: 234 USD per 1,000 bd ft on May 1
  • 2020: 343 USD per 1,000 bd ft on May 4
  • 2021: 1,635 USD per 1,000 bd ft on May 5

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