Lumber Market Faces Dramatic Downturn After 2021-2022 Bubble
Inflation and home construction costs were both pushed higher by the once-booming lumber market in 2021 and 2022, but prices have since fallen. In May 2021, spot lumber prices reached a record high of $1,514 per thousand board feet. This week, they dropped to $366, returning to levels seen before the pandemic, according to the ...