The soaring lumber costs that have slowed construction of single-family homes are starting to pinch apartment-building developers too.
While many multifamily buildings are made of steel, glass and concrete, wood is also a major component, especially in low- and mid-rise buildings. Wood is also used extensively for floors, cabinets and other fixtures.
Read more...Lumber Prices Are Through the Roof, Punishing Apartment Builders via WSJ
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