Why are prices for lumber so high in 2022? The price of lumber constantly hit record highs in the past two years due to increased demand for real estate, supply chain disruptions, and limited production capacity. While prices quickly dropped after the massive lumber bubble in 2021, they started increasing once again in the latter part of the year. Unfortunately, the trend persists through 2022, with lumber prices doubling from…

How are lumber prices affected by the market? The coronavirus pandemic put the world at a standstill, affecting industries all over the world. The lockdowns, quarantines, and mobility restrictions all caused major disturbances in the supply chain, resulting in a huge lumber shortage. Wood products were heavily hit by the pandemic, with lumber and plywood being some of the most affected. According to Forbes, the cost of lumber went up…