Even if lumber prices normalize around $500, that's still well above the pre-pandemic average.
Starting its ascent in late October 2020,climbed to a peak of $1,711 over the course of seven months. But it took just 14 weeks to see all those gains erased.
. "We're out of the panic buying. We're out of the massive industry shortages. We're out of the extremes." But now, higher prices have cured high prices in other areas. Expensive houses have dissuaded house-buying, putting downward pressure on lumber.
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