With
the overall inflation rate becoming a focus of concern, the attention paid to
lumber prices over the spring and summer faded to background noise. A recent
report on the subject by Erik Sherman in GlobeSt.com warns that those prices
remain an issue, however. He writes “supply chain problems, labor issues, and
geopolitical wrangling mean a continued uncertain and volatile future.” The
only promise lumber offers going into 2022, he says, is potentially high prices
with a heaping dash of volatility. In late June we observed
that lumber prices had been dropping from a peak of $1,670 per thousand board feet on May 7 to 897.90
and, at that point, the decline was picking up speed. At the time that Sherman
was writing, his article was posted on December 22, lumber was above $1,000 per
thousand board feet, more than double the prices pre-pandemic and he said
supply and demand were battling to establish an equilibrium.

 

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