Labour tops breakdown of new home costs

While lumber prices have been soaring, research by members of the Western Retail Lumber Association shows that they represent only a small fraction of the cost of a new home. Labour costs make up fully half of that investment, while lumber represents just four percent. Mechanical, HVAC, electrical, and plumbing costs contribute 22 percent to the average bill for a new home.

“As lumber prices have reached record highs in North America, the cost of housing has been discussed at length, but material costs are only part of the bill when people plan to build a new home,” WRLA president Liz Kovach said in a release.

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