Originally Posted by Rod Kaufman
A couple of months is different from whatever you mean by awhile and your statement following it that it may take years, if ever, to get to precovid prices, while potentially true, is less likely to be the case as wholesale costs for the commodity fall especially for different types of wood. You don't need to be a rocket scientist to figure that one out, Greg..,.
And another follow up for Greg. This time from an article from a bank written on 4-14-21, before the current drop in wood prices:
"North American lumber prices are soaring, sending homebuilding costs higher with it. The good news is, relief may be just around the corner. BMO Capital Markets updated its Benchmark Western Spruce-Pine-Fir (SPF) lumber forecast for April. The bank sees lumber prices dropping in the second half of the year. By 2022, they expect lumber prices to be at more typical levels. This should help alleviate some of the rising input costs driving new home prices higher."
We're just about to enter the second half of this year and prices are beginning to fall, lending further credence to what the bank forecasts...
https://betterdwelling.com/bmo-sees-soaring-lumber-prices-crashing-soon-which-may-lower-new-home-costs/#_