- Lumber prices vary considerably from year to year and region to region, which directly affects the cost of installing real wood siding. Typically it averages $6,500 -$7,500 to have a contractor install 1,250 exterior square feet of yellow pine, spruce or fir clapboard (overlapping rows); $7,000 -$8,500 for cedar clapboard over that same size area; and $9,000 -$10,000 for cedar shingles (also called cedar shakes). For 3,000 exterior square feet, costs jump to $14,500 -$16,000 for yellow pine, spruce or fir clapboard; $15,000 -$17,000 for cedar clapboard; and $18,000 -$25,000 for cedar shakes. Redwood, which is hard to obtain outside of the western states, costs about the same as or a little more than cedar.
- Engineered wood siding (plywood or hardwood sheets made up of bits of wood bonded together with special resins and treated with insecticide and fungicide) runs about $3,000 -$5,000 for 1,250 square feet; or $8,000 -$10,000 for 3,000 square feet.
- To roughly calculate exterior square footage, add together the length of the four sides of the house then multiply by the height of the walls. A home 10' tall, 38' long and 25' wide has 950 square feet [38x25=950] of interior floor space but 1,260 square feet [(38+38+25+25)x10=1,60] of exterior wall space. To cut costs, some homeowners have siding installed on the front and sides of a house but not the back wall because it isn't visible from the street.
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