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

Published by Statista Research Department, Jan 11, 2022
Over the last decade, the increasing price of timber in the United States has exerted pressure on the cost of new housing construction. According to an analysis, in 2010 roughly 13 median family houses could be constructed using 50,000 U.S. dollars of timber. This number actually increased in 2015, but by 2021 the same dollar value could only purchase enough timber to construct two median family houses.

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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