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Timber! Lumber prices are falling hard
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[quote:Wookiee:MV81MTU3Mjg0Xzk0NzE1ODQ1XzM5OTczQkM2] meh up 500% down 50% still up 250% from 2019 For yanks that can't follow %. Item was $100 in 2019 Peaked at $500 in 2021 Now it's at $250 All #s are approximate. [/quote]
Original Message
Lumber dealers have experienced a seesaw of emotions over the past couple of years.
During the pandemic, supply chain issues and a rise in home projects caused lumber prices to skyrocket.
But a shifting macroeconomic environment has left many dealers stumped, per WSJ, with lumber futures dropping 52% since early March.
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