Record Lumber Prices Build as U.S. Housing Booms

Apr.23 — U.S. new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Builders, nonetheless, are contending with higher costs that risk restraining this demand, mainly the price of lumber. Bloomberg’s Romaine Bostick takes a look at record prices for lumber and its impact on U.S. housing market.