“The combination of the lockdowns and more time spent at home made people realize they wanted to live in a home that met their evolving needs,” Wolf told The Denver Post.

By December, new home contract sales were 43% above the same period a year earlier, according to Zonda.

Now, 86% of builders report major lumber supply disruptions and 96% report recent price increases associated with lumber costs, according to Zonda.

The lumber price surge is also affecting remodeling. Deborah Cowles, of Centennial, put off replacing an old fence during the coronavirus pandemic, only to have contractors increase their price quotes by $1,000 or more a year later.

Contractors also couldn’t guarantee they could get the type of wood she wanted, Cowles said.

“It’s really caught us off guard,” she said.

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