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February 23, 2022

Are we in a lumber price bubble again?

Are we in a lumber price bubble again?
When the lumber bubble burst in the spring of 2021, it was expected to be the end of the mania. But here we go again: As of Friday, the cash market price of framing lumber hit an eight-month high of $1,271 per thousand board feet. That marks a 227% uptick since August, when it cost $389 per thousand board feet, and it isn’t too far off from the all-time high of $1,515 per thousand board feet set in May 2021.    It’s understandable that some do-it-yourselfers and homebuilders are ...

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