California House Rebuild Costs Revealed in Shocking Detail
Understanding Material Costs
Material costs are a major component of rebuilding expenses. Lumber prices, for instance, have been notoriously volatile. At their peak in 2021, lumber prices added nearly $36,000 to the cost of constructing an average single-family home2. Although prices have since stabilized, they remain higher than pre-pandemic levels. Additionally, other materials such as steel, concrete, and drywall have also seen price increases due to supply chain disruptions and increased demand.