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Lumber prices—which warned us about inflation over a year ago—are again trying to tell us something


Lumber prices—which warned us about inflation over a year ago—are again trying to tell us something


Lumber markets were a harbinger of big economic shifts early on in the pandemic, and today’s slumping prices could be just as telling about the economy’s future.


Lumber prices hit a record $1,607 per thousand board feet in May 2021, due to soaring demand for new homes, a boom in DIY home renovation activities, and production and supply chain issues stemming from the pandemic.

Twelve months later, lumber prices have collapsed, now going for $648, a more than 50% decrease from $1,464 in March.


 
 

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