Paul Mangione, payments, covid19 coronavirus economy covid fintech shift4payments pos payments business innovation technology

Every builder and construction manager tells me this same story almost every day. The price of lumber is way up and that will be reflected in project budgets. Even large scale projects are starting to look at hedging lumber costs before they break ground. So while it is not a bad in the photo below, the numbers are pretty staggering. According to the Federal Reserve Bank of St. Louis database, the price index of “Softwood Lumber”, mainly used in single family house framing, i