Lumber Prices Continue to Rise

Lumber prices continue to rise due to supply and demand.  Some construction projects have been delayed due to supply being so low.  As interest rates remain low, consumers are still buying new homes or investing in their own homes by doing renovations.  However, as the costs continue to increase Forbes is projecting that DIY consumers will start to move away from renovations that require a large amount of lumber.  Although there is no solution in sight, experts are projecting that by the end of 2021 prices should drop by half of where we are at right now.