Lumber in hardware store
High demand has caused local hardware stores to run short on high dollar lumber. Photo by Tyler Burkle/NNS

Home renovations have been rising since the start of COVID-19. As a result, lumber prices are at a record high. Homeowner Patrick Petersen changed his renovation plans from an addition to a large renovation.

Chris Moroschak, an independent remodeling contractor, said he suspects lumber prices will stay high because people are still willing to pay the high prices and take advantage of low-interest loans.