Thank you, and thank you for that testimony.
Mr. Lee, I want to ask you a few questions.
I've been connected to the construction industry for the last 30 years. I've worked with many of your homebuilder members. I spoke with a builder just on the weekend and he informed me how the average home cost, just from a lumber perspective has increased about $40,000 on the average home in this last year. The OSB board has gone from $8 a board to over $80 a board with limited supply now. It has gone up 10 times. Dimensional lumber has gone up triple or quadruple in this last year.
Do you have any explanation as to why there is this amount of inflation?