Many of you are probably acutely aware that the cost of lumber has risen dramatically over the last year. Builders are building and many people seem interested in renovating their home right now -- so demand is outstripping supply. But here is a chart from Fortune, with data from Random Lengths, showing you just how wild things have gotten. Back in April 2020, lumber was going for about $358 per thousand board feet, according to this data. As of the beginning of this month, the number had jumped to $1,048, which represents an all-time high and a 193% year-over-year increase. Who knows where pricing will go next, but the National Association of Home Builders is estimating that current pricing has added about $24,000 to the price of a typical new single-family home in the US.

Image:

The construction process can be a pain in the ass. It's messy. It's inefficient. It's always filled with surprises. And you could argue, as many have before, that every job is really a custom job -- a kind of prototype. But at the same time, there is something so deeply satisfying about seeing a building come to life. Part of that satisfaction no doubt comes from the fact that it usually takes years and years to get to the point in which you're digging holes, pouring concrete, and framing out spaces. It's almost as if we don't want things to get built. It's a feeling of "finally." But perhaps the bigger part of this satisfaction stems from the fact that building is creating and making something new. It's about imagining what something could be and then going out and doing everything you can to make that a reality. Some people won't like what you're trying to build. But they might when it's finished. And it is almost certainly not going to be an easy process. But it's a fulfilling one. Few things are as rewarding as creating and making something new.