A volatile and unpredictable lumber market contributed massively to a bumpy ride for the US construction sector during the COVID-19 pandemic – but after recovering from a massive dip in the second half of 2021, prices have since plunged once again. Supply chain snarls pushed lumber costs to a high of $1,645 per 1,000 board feet in May 2021 before those prices plummeted dramatically, bottoming out at just over $450 in August of that year. A steady climb between then and the following March saw prices recover to $1,460, but they subsequently crashed again, slumping to ...
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