Got Wood? Lumber Prices Explode To Record Highs Amid "Supply Chain Screw Ups"

[link to www.zerohedge.com (secure)]


When builders go to the lumberyard, they expect two-by-fours in ample supply. As Galvnews.com reports, it’s like expecting to find milk at the supermarket.

But, in recent months, something has changed... dramatically... Since the lows in early April, the price of Lumber (futures) has exploded 200%...

A building boom? This is "great news" some might say as it indicates 'demand' is high and the economy is "getting back to normal," right?

Wrong!

As Woods explains, “the explanation they had for us was that COVID-19 shut down the plants that treat the wood, and that finally caught up.”