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September 29, 2021
Why U.S. lumber prices are suddenly rising again?
A month after U.S. lumber prices finally returned to normal, prices for wood are ticking up once again—and analysts predict more price hikes are on the way. The lumber bubble was created by a perfect storm on both the demand side—a housing and DIY boom—and the supply side—sawmills slowing production during the shutdowns. But once the price reached 300% above its pre-pandemic level this spring, buyers finally walked away and the bubble popped. After peaking in late May at $1,515 per thousand board feet, the ...
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